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I've been thinking this weekend about the future of what I'm calling Tech Migrants.
Tech Migrants are employees of the G-MAFIA (from my book #TheBigNine - Google, Microsoft, Amazon, Facebook, IBM & Apple) and other tech co's who are WFH but choose to move to other places.
Tech Migrants are employees of the G-MAFIA (from my book #TheBigNine - Google, Microsoft, Amazon, Facebook, IBM & Apple) and other tech co's who are WFH but choose to move to other places.
The WSJ is reporting that Google will keep its 200k employees home until at least next July. Facebook is exploring more permanent WFH options. This is a STRONG signal about Tech Migrants and it's worth thinking through next-order risks/ opportunities.
Here are some thoughts.
Here are some thoughts.
RISKS: Tech Migrants leave cities like SF for other places. This leaves apartments, houses empty. The rents come down (good), but fewer support staff are needed (bad). Real estate investment decreases.
