Big tech companies are selling their Silicon Valley campuses amid struggle

As San Francisco commercial occupancy reached an all-time low in the last couple years amid the pandemic, a new reality has set in for Silicon Valley.

While a listing price is not publicly available, the building is valued at $193 million, according to“As a hybrid-first company, we are continuing to assess and optimize our space utilization to create more vibrant workspaces for our employees when they are on-site, while also achieving cost reductions,” Addy Burr, with Intel Corporate Communication, told The Post in a statement.

Meanwhile, Analog Devices — specializing in data conversion and signal processing — is also seeking a buyer for its 320,000-square-foot campus in Milpitas, located 15 minutes from the Intel building.

😢

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Silicon Valley Bank collapse: Startup Ness says companies can learn valuable lessonIn total, investors and depositors initiated withdrawals equating to about $42 billion in deposits from the bank on Thursday alone, causing a run on the bank, according to a regulatory filing. Money never sleeps We bailed out a RIOT LOOTING SUPPORTER. Democrats are CRIMINALS. We bailed out a RIOT LOOTING SUPPORTER. Democrats are CRIMINALS.
Fuente: FoxBusiness - 🏆 458. / 53 Leer más »