Closure of X HQ a blow to reeling Mid-Market

News that X, the social-media company formerly called Twitter, will shutter its San Francisco offices over the next few weeks was a blow to the hard-hit Mid-Market neighborhood that the company once helped to revitalize.

Already, previous layoffs at X since Musk bought the company in 2022 have coincided with a dramatic decrease in business, with sales dropping from between $6,000 and $7,000 per day from several years ago to $900 on a good day today, Gongora said. “Not that many people come to Market Street anymore,” said Rafael Ochoa, an employee at Sam’s Diner about a block away.

Already, X had listed for sublease about 70% of the space it leases in its San Francisco headquarters complex — including about half in its iconic headquarters building. Measure to fund Muni by taxing Uber, Waymo heads to November ballot The Community Transit Act has picked up endorsements from across San Francisco’s political spectrum, from Dean Preston to Daniel LurieAs is true across downtown San Francisco, the area around X’s offices have high office vacancy rates in the wake of the COVID-19 pandemic , which ushered in a new era of remote work in which large numbers of employees routinely do not come to offices to do their jobs accompanied by a slump in...

Cristian Torres only opened his restaurant, CTK Empanadas, in the building X occupies a little more than a month ago, and he said he has benefitted from X employees patronizing his business, particularly in the morning or lunchtime seeking coffee and empanadas, his specialty.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Resources available for neighbors impacted by Aurora Walmart neighborhood market closureDanielle Kreutter is a multimedia journalist for Denver7 KMGH in Denver, Colorado.
Fonte: DenverChannel - 🏆 239. / 63 Consulte Mais informação »

Sidewalk, lane closure planned next week on Market Street Bridge: PennDOTWeather permitting, this work will be performed on July 24.
Fonte: PennLive - 🏆 463. / 53 Consulte Mais informação »

Store closure, biotech layoffs jolt Bay Area job market with fresh cutbacksFresh waves of job cuts have washed through a Bay Area job market that’s already wobbly.
Fonte: mercnews - 🏆 88. / 68 Consulte Mais informação »

X reportedly closing offices in San Francisco's Mid-Market areaX, the Elon Musk-owned social media platform formerly known as Twitter, is reportedly departing its offices in San Francisco's Mid-Market neighborhood.
Fonte: KPIXtv - 🏆 443. / 53 Consulte Mais informação »

Market in turmoil, NASDAQ sinks +3% as Nonfarm Payrolls highlight labor market slowdownThe stock market pullback that began in the latter half of July is pumping the brakes full force on Friday after US Nonfarm Payrolls for last month surprised to the downside.
Fonte: FXStreetNews - 🏆 14. / 72 Consulte Mais informação »