COVID-19 sees tech talent U-Haul out of San Francisco

AFP

Real estate agent Kilby Stenkamp sees moving vans on San Francisco streets where she used to see building cranes and tech company hipsters.

A work-from-home trend kicked into overdrive by the coronavirus pandemic is disrupting a city long a mecca for tech talent.

“People are leaving San Francisco, and they’re taking their jobs with them,” Stenkamp said.

“There used to be cranes in the landscape, now it’s U-Haul trucks.”

Tech workers who flocked to San Francisco to be near Google, Facebook, Pinterest, Twitter and other internet firms are moving to parts of the US where life is slower and the cost of living cheaper. Tech titans are encouraging the trend.

Facebook is changing its hiring practices to recruit talent far and wide instead of needing workers to live near campuses.

The social networking giant said it even might save money, since it adjusts the pay for positions based on local cost.

Back in March, San Francisco became one of the first US cities to implement restrictions of moving around for work, school and other activities.

Nearly six months later, life shows little sign of returning to the way it was before the pandemic, causing some residents to question whether to stay.

“Once upon a time, a reason why we wouldn’t have wanted to move was because we had friends who had kids the same age as ours and we saw them all the time,” said consultant Kyla Brown, who left the city for a town about 25 kilometers away.

“Practicality right now was the number one priority; social life has all gone down the drain thanks to Covid.”

The family moved closer to Brown’s parents for babysitting needs, and work is done by remote communication.

Twitter and online work collaboration tech firm Slack have announced employees can work from home indefinitely.

Online bulletin board Pinterest announced recently that it spent US$90 million to cancel a lease for more Silicon Valley office space, saying it will stick with its current San Francisco offices.

“As we analyze how our workplace will change in a post-Covid world, we are specifically rethinking where future employees could be based,” said Pinterest head of business operations Todd Morgenfeld.

“A more distributed workforce will give us the opportunity to hire people from a wider range of backgrounds and experiences.”

Google and Facebook are not expecting workers to return to their campuses until the middle of next year at the earliest.

Facebook chief executive Mark Zuckerberg said he expects half of the firm’s employees will be able to permanently do their jobs from home within five to 10 years.

“It is a lot easier to move bytes around than to move atoms around,” Zuckerberg quipped at one point.

“So I’d much rather have us teleport by using virtual reality or video chat than sit in traffic.”

Many workers are delighted to reclaim hours wasted in Silicon Valley commute traffic, even if in the comfort of chartered buses complete with wireless internet.

The exodus has left some downtown area deserted, shops doubting reopening, and streets haunts of the homeless. Rents there have fallen by an average of 10 percent, according to real estate agents.