Are companies going to reduce NYC presence for cost cutting?
A lot of companies have been cost cutting recently and a few NYC based companies have failed as well. Since NYC is an expensive market to hire as well as lease office space, will companies stop expanding in NYC? For example, even JP Morgan Chase is moving most of it's jobs to Texas.
Yes, when reasonable, companies are moving work out of NY and SF to reduce costs. We see this mostly on back office and junior roles.
If your company is expanding in NYC, do mention your company in comments.
Roku is in NYC and hiring.
NYC Tech is horrible. Don’t come here west coasters stay away! Our great city, affordable suburbs and economic diversity are horrible!
Shit companies are shifting away from NY, all meaningful companies are expanding
Tech will expand even more in nyc
Unless you are client facing, back office is getting pushed out of NYC
It's always been about Westcoast
For tech, true. No one can really change the tide unfortunately