dfwcre8tive wrote:willyk wrote:Too many pessimists on this string...
Will Uber ride off to Dallas with its headquarters?
As cost-cutting pressures mount, speculation intensifies that Uber could move its San Francisco headquarters to lower-cost Dallas.
https://www.bizjournals.com/sanfrancisc ... rters.html
Two weeks after cutting 3,700 jobs, Uber slashes another 3,000, closes an SF office
The 6,700 jobs are equal to 25% of the San Francisco-based company's global work force. Uber is also shutting or consolidating 40 offices around the world; its Pier 70 office in San Francisco is set to close.
Uber is reportedly still moving ahead to consolidate workers into its swanky new offices in Mission Bay, adjacent to the Chase Center. But 500 workers who have been in offices on Pier 70 nearby will be moving in first as the company says it will close that office entirely
As of May 12, Uber had only indicated that 52 of its initially announced 3,700 job cuts were in the Bay Area
Uber has now requested that the initial 2023 effective date be changed to 2025, that the initial job creation requirement of 2,500 new jobs be changed to 1,000, and that a job creation schedule now be used to determine the number of jobs that have to be created after 2025.
Since the total number of jobs that will be created and exist during the abatement’s 10-year period will have been reduced by about 20 percent, the county staff made a corresponding reduction in the business personal property abatement for those years that would now have a lower requirement than what was previously in place.
Uber would not receive the original 90 percent BPP abatement until the original 3,000 job level has been met.
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