San Francisco Businesses Struggle to Hang On as Tech Workers Stay Home
23rd July 2022
While big cities across the country struggle to fully recover from the pandemic, San Francisco is on another level, as tech companies exit leases and residents bolt for more affordable locations. San Francisco Mayor London Breed’s office estimates that one-third of San Francisco’s workforce is now remote and outside of the city. Last year, that resulted in a whopping $400 million hit to tax revenue, according to the Office of the Controller.