LinkedIn is latest Silicon Valley giant to move workers out of San Francisco –  leasing out the top five floors of its skyscraper



By Ishita Srivastava For Dailymail.Com

22:11 11 Oct 2023, updated 02:34 12 Oct 2023

  • LinkedIn has put up the top five floors of its 26-story building for rental till December 2027
  • Companies such as Airbnb , Paypal , Slack, Lyft and Salesforce have left tens of thousands of square footage buildings in the city in the past year
  • Remote work is increasingly popular amid crime and homelessness in the city



LinkedIn is all set to become the latest company to lease out the top floors of its glass-wrapped San Francisco skyscraper to the public.  

The employment-focused social media platform has put up the top five floors of its 63,000 square feet, 26-story building for rental till December 2027. 

The news comes a few months after Meta announced it was ready to abandon its 435,000 square feet San Francisco building once its lease expired in 2031. 

Companies such as Airbnb, Paypal, Slack, Lyft and Salesforce have left tens of thousands of square footage buildings in the city in the past year. 

LinkedIn has put up the top five floors of its 26-story building for rental till December 2027
Companies such as Starbucks, who have entirely ended remote working, also shut down seven stores in San Francisco this week.
The news comes a few months after Meta announced it was ready to abandon its 435,000 square feet San Francisco building once its lease expired in 2031

While AirBnb and Paypal have completely embraced remote work setups, others have simply just left the city. 

Companies such as Starbucks, who have entirely ended remote working, also shut down seven stores in San Francisco this week. 

Disney has too recalled all of its employees back to its offices, including its headquarters in Burbank, California

A major reason is the rise in crime and homelessness in the city which has forced major retail stores such as Target, CVS and Crate and Barrel to leave ground. 

Fashion store Express also announced its plans to vacate its 301 Geary Street location today. 

Reports of homeless pirates marauding onto houseboats in the San Francisco Bay are also incoming. Residents along the Oakland-Alameda estuary told a community meeting last week that boats have been cut loose so that they drift out to sea.

One woman even recounted how she had rescued another resident on a sailboat in the middle of the night after pirates slashed his rigging lines during an argument.

The brazen thieves – whose homeless encampments have spilled out of the city – are taking small motor-powered dinghies and using them in smash-and-grab raids on larger vessels and houseboats.

During one San Francisco Bay Conservation and Development Commission’s enforcement meeting community members spoke of having to fight off the pirates themselves as police in the Democrat-run city have failed to intervene. 

The new wave of crime involves pirates sneaking up on dinghies and stealing items from boats in the harbor
Smaller vessels are seen piled up on the jetty around larger boats. Residents say the homeless people are stealing dinghies and using them to maraud onto bigger vessels

Last week, the city extended the life of its most expensive homeless response intervention initiative – by spending $12,000 every month for each RV parking spot – more than three times the cost of a typical apartment.

The Bayview vehicle triage center in Candlestick Point State Recreation Area was meant to offer a ‘safe parking’ area to people living in their cars or RVs. Initial plans called for them to have electricity, showers and sanitary facilities.

The program was meant to help the city avoid building houses for the low-income groups but on October 3, city officials agreed to spend more on the parking spot than it would have cost to build a tiny house. 

The city’s supervisors have unanimously approved a staggering cost of $312,000 per year to lease the parking space. The lease is meant to go on for the next 24 months. 

Despite pirates roaming in seas and RVs being parked everywhere, Mayor London Breed has shirked blame for viral videos showing smash-and-grab incidents in San Francisco, claiming they don’t always occur in the Golden Gate City.

Close to 40,000 people grappling with homelessness and more robberies and motor vehicle thefts reported by the San Francisco Police Department than the same time last year – Breed said the ‘city has changed.’

A map reveals the major businesses which have left, or plan to leave, San Francisco in recent months
The Bayview vehicle triage center in Candlestick Point State Recreation Area was meant to offer a ‘safe parking’ area to people living in their cars or RV

Speaking to Yahoo Finance Live, Breed – who took the helm in 2018 – said her beloved San Francisco had, in fact, been the victim of false advertising.

‘Sometimes [negative stories and videos]… that you see go viral, those aren’t always just in San Francisco,’ Breed desperately preached.

‘We’ve been attributed for things that have happened in other cities in the Bay Area, as well as even as far as Los Angeles. We have unfortunately been the punching bag.’

Breed said the negative press hasn’t muddied her view of the city she claims is the ‘technology capital of the world.’

‘In fact, of the top 20 artificial intelligence companies in the world, eight are here in San Francisco,’ she commented, seemingly ignoring multiple reports of crashes, chaos and traffic jams caused by the introduction of driverless vehicles to the area.

‘People still want to be here. They’re starting their companies, their businesses here.’

As she pedaled her delusions as fact, the numbers tell a contrasting narrative with drug use on the streets and retail crime still a daily issue for many living in the city.

Mayor London Breed has shirked blame for viral videos that appear to show smash-and-grab incidents in the city saying they don’t always take place in San Francisco
According to crime data recorded between January to September 2023 robberies saw a 15.9 percent increase from last year.

According to crime data recorded between January to September 2023 robberies saw a 15.9 percent increase from last year.

Meanwhile, motor vehicle theft saw a 10.8 percent increase as viral videos of smash-and-grabs circulate with ferocity online.

According to a recent study by the consulting firm McKinsey, 70 percent of San Francisco residents cite homelessness among the city’s top three problems.

On any given night, 38,000 Bay Area residents are homeless, the study found, Yahoo reported.

But not all tech companies have left the Bay. Reddit, Life360, Bolt and Masterclass remain in the city. They have not yet commented on whether they would end their time in San Francisco. 



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