Seems to just say that entrepreneurs are finding the Austin tech crowd to be lackluster. Though this was funny:
> We've seen one big shift away, and that was Oracle. So they moved from California to Texas during post-pandemic era, and now they've moved to Nashville.
Please note that moving HQ is not moving the entire company. BofA HQ moved from SF to Charlotte. Musk and Ellison are shopping HQ tax breaks, cheaper labor, and apparently, access to a health care labor and business boomtown (Nashville) after buying Cerner. [0]
This is a little misleading. The data they quote is based on their previous article[1], which just uses this analysis[2] provided by a VC company. Funnily enough the same VC company put a seperate clickbaitish article just a year before that one, claiming the exact opposite findings (about startups ditching SV).
I would guess a lot of these annual trends are just random fluctuations in their dataset, though to be honest I wonder how they're even trying to estimate this kind of information.
"Called back to the office" is such a weird turn of phrase, like you're cattle being called back to your pen. You people do realize that you have the power, right? They need you so they can make their crappy products. All you have to do is boycott working for tech companies until they let you work remote. We all saw remote work in the pandemic, how productive people became. We all know that return to office "for productivity" is a lie. They just want an excuse to pay for big offices, and an excuse for laying us off at a moment's notice. They will continue mistreating us until we stand up for our rights, together.
> They just want an excuse to pay for big offices...
Say what? They're just itching for an excuse to waste money for no reason? I have heard a number of people saying that, and I've never heard anything that sounds like a convincing reason why they should want that.
Don't bother telling me about investments in commercial real estate. First, I've never seen any evidence that the people making these decisions have any such investments. It seems to be a "just so" story rather than anything with any substance behind it. Second, even if they had such investments, the first one who defects wins, and everyone can see that. They should be dumping such investments and then dumping their office buildings.
> ... and an excuse for laying us off at a moment's notice.
WFH does not in any way protect you from being laid off at a moment's notice.
You may be saying that demanding return to office gives them an excuse to lay off everyone who won't comply. That may be true. But they don't actually need that excuse. They can lay you off anyway.
I think the answer is far simpler. Texas is an increasingly hostile state to live in, and tech workers are taking an opportunity to live in states that aren't. That's what I did; the moment I got a full remote job I left Austin in 2022 and didn't look back, nor do I even think about applying towards companies in that area.
It's not just the state politics that make it hostile, but the shifting climate and refusal of Texas to prepare for these events as well. I was essentially snowed into my apartment during the freeze in 2021 and had about a solid week before I could go anywhere or places started opening up again. I was among the lucky few that still had power too, many of my coworkers lost power for up to a week. Before that point I was already iffy on sticking around, but that event accelerated things massively.
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[ 2.5 ms ] story [ 35.7 ms ] thread> We've seen one big shift away, and that was Oracle. So they moved from California to Texas during post-pandemic era, and now they've moved to Nashville.
[0] https://www.cnbc.com/2024/04/23/oracle-is-moving-its-world-h...
I would guess a lot of these annual trends are just random fluctuations in their dataset, though to be honest I wonder how they're even trying to estimate this kind of information.
[1] https://www.wsj.com/articles/austins-reign-as-a-tech-hub-mig...
[2] https://www.signalfire.com/blog/signalfire-state-of-talent-r...
[3] https://www.signalfire.com/blog/state-of-talent-tech-trends
Say what? They're just itching for an excuse to waste money for no reason? I have heard a number of people saying that, and I've never heard anything that sounds like a convincing reason why they should want that.
Don't bother telling me about investments in commercial real estate. First, I've never seen any evidence that the people making these decisions have any such investments. It seems to be a "just so" story rather than anything with any substance behind it. Second, even if they had such investments, the first one who defects wins, and everyone can see that. They should be dumping such investments and then dumping their office buildings.
> ... and an excuse for laying us off at a moment's notice.
WFH does not in any way protect you from being laid off at a moment's notice.
You may be saying that demanding return to office gives them an excuse to lay off everyone who won't comply. That may be true. But they don't actually need that excuse. They can lay you off anyway.
It's not just the state politics that make it hostile, but the shifting climate and refusal of Texas to prepare for these events as well. I was essentially snowed into my apartment during the freeze in 2021 and had about a solid week before I could go anywhere or places started opening up again. I was among the lucky few that still had power too, many of my coworkers lost power for up to a week. Before that point I was already iffy on sticking around, but that event accelerated things massively.
- Apartment rents creeped too high near downtown
- The culture dragged down due to gentrification by alcoholic, kidult, uncool office workers
- Too many unfinished megaprojects downtown ruining the charm
- Houses are way, way cheaper anywhere else, especially in the triangle
- The incidence of severe weather is less in pockets around the 100th meridian west
- MAANG curtailed permanent and hybrid WfH with RTO requiring commuting in a major metro like NYC and SV