Tech companies are undergoing a profound transformation marked by massive layoffs, soaring office vacancies, and a shift toward remote work.
Since 2023, nearly 30 million square feet of tech office space in the U.S. has been vacated, with commercial vacancy rates in cities like San Francisco exceeding 34%. Major firms such as Meta, Amazon, and Google have cut thousands of jobs, reduced real estate footprints, and eliminated traditional employee perks, leading to lower engagement and a colder workplace culture.
These changes ripple through local economies, causing sharp declines in business revenues and public transit usage, while straining municipal budgets and urban sustainability.
CHAPTERS:
0:03 Tech Offices
0:20 Tech Vacancy
0:40 Vacant Tech Space
1:10 Tech Campuses
1:50 Tech Job Cuts
2:25 Tech Workforce
3:05 Office Occupancy
4:15 Remote Tech Jobs
4:50 Subleased Tech Space
6:30 Tech Job Market
Executive Producer: Danny Pasquel
Produced by: Samantha Harvey
Edited by: Jacob Smith
Animation: Charlotte Brown
Additional Footage: Getty Images
» Subscribe to Economy Media:
/ @economymedia
Conect With Economy Media Everywhere
Follow Economy Media on Instagram: https://n9.cl/economymedia
#economymedia #tech #jobmarket #jobsHow this content was madeAuto-dubbedAudio tracks for some languages were automatically generated. Learn more
Since 2023, nearly 30 million square feet of tech office space in the U.S. has been vacated, with commercial vacancy rates in cities like San Francisco exceeding 34%. Major firms such as Meta, Amazon, and Google have cut thousands of jobs, reduced real estate footprints, and eliminated traditional employee perks, leading to lower engagement and a colder workplace culture.
These changes ripple through local economies, causing sharp declines in business revenues and public transit usage, while straining municipal budgets and urban sustainability.
CHAPTERS:
0:03 Tech Offices
0:20 Tech Vacancy
0:40 Vacant Tech Space
1:10 Tech Campuses
1:50 Tech Job Cuts
2:25 Tech Workforce
3:05 Office Occupancy
4:15 Remote Tech Jobs
4:50 Subleased Tech Space
6:30 Tech Job Market
Executive Producer: Danny Pasquel
Produced by: Samantha Harvey
Edited by: Jacob Smith
Animation: Charlotte Brown
Additional Footage: Getty Images
» Subscribe to Economy Media:
/ @economymedia Conect With Economy Media Everywhere
Follow Economy Media on Instagram: https://n9.cl/economymedia
#economymedia #tech #jobmarket #jobsHow this content was madeAuto-dubbedAudio tracks for some languages were automatically generated. Learn more