Tech Professionals Have Moved Out Of San Francisco

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Tech Professionals Have Moved Out Of San Francisco

20% of the nearly 1,200 survey respondents said they’ve moved out of San Francisco.

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It seems like there is no rush for returning to the office, at least not right now.

Blind, the largest anonymous professional community with 4M users from big tech, unicorns, and startups, asked its users "If you lived in San Francisco at the start of the year, have you moved during the pandemic?" As mentioned in Bloomberg this morning, about 20% of the nearly 1,200 respondents said they’ve moved out of San Francisco. More than 10%, or 124, said the relocation is permanent.

20% Of The Professionals Have Moved Out Of San Francisco

More Key Learnings:

  • 7% of professionals responded "Yes, permanently and I've told my employer" 
    • 21% of Microsoft professionals responded "Yes, permanently and I've told my employer" 
    • 18% of Airbnb professionals responded "Yes, permanently and I've told my employer" 
  • 3% of professionals responded “Yes, permanently and I haven't told my employer" 
    • 14% of Amazon professionals responded “Yes, permanently and I haven't told my employer" 
    • 15% of Adobe  professionals responded “Yes, permanently and I haven't told my employer" 
  • 6% of professionals responded" Yes temporarily and I've told my employer"
    • 33% of Doordash professionals responded" Yes temporarily and I've told my employer"
  • 4%  of professionals responded "Yes temporarily and I haven't told my employer" 
    • 15% of Dropbox professionals responded "Yes temporarily and I haven't told my employer" 
    • 20% of Oracle professionals responded "Yes temporarily and I haven't told my employer" 
  • However, the overwhelming majority, 81% of professionals, simply responded "No" 

San Francisco

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Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver

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