Technology
February 21, 2023 | 12:54 p.m
New York, San Francisco, Chicago, and Washington, DC do not receive five-star ratings from Yelp employees.
The high-tax and crime havens of employees at the Business Review app have been abandoned in droves in favor of locations in Florida and Texas after the shift to remote work during the pandemic, according to an internal study.
Between 2019 and 2022, about 70% of workers who had lived near the company’s San Francisco headquarters fled the Bay Area, Bloomberg News reported Tuesday.
Meanwhile, according to Bloomberg, more than two in three Yelpers who lived in New York City before the pandemic have left the Big Apple, while the same percentage of employees have relocated from Chicago and Washington, DC.
Yelp’s internal review found that the proportion of employees living in both Florida and Texas has quadrupled.
“Many of the employees we spoke to have relocated from previous office locations to areas with a lower cost of living, with some individuals buying their first homes or enjoying a slower pace of life,” Carmen Whitney Orr, Yelp’s chief people officer, told Bloomberg News .
Yelp, which employs 4,400 people nationwide, was one of several tech companies that allowed its employees to work entirely from home when the pandemic began in spring 2020.
A staggering 67% of Yelp employees who called New York City before the pandemic left, according to the company.Edmund J Coppa
Last June, Yelp closed its offices in New York, Chicago and Washington, DC due to low traffic. During an average week, office occupancy rates in these cities were less than 2%, according to Yelp co-founder Jeremy Stoppelman.
Migration trends among Yelp employees corroborate national data showing mass exodus from New York, California, Illinois and Connecticut.
Sun Belt states that offer year-round warm weather and relatively affordable living costs, such as Tennessee, Georgia, Florida, Texas and the Carolinas, have been the beneficiaries.
The population explosion in sunbelt states has fueled a post-pandemic boom that has enabled a faster economic recovery from the depths of COVID lockdowns.
In the past year alone, more than 64,500 former New York State residents moved to Florida — more than any other year in history, according to Florida State Government statistics.
Last year’s record-breaking pace of migration surpassed the previous mark of 61,728 New Yorkers moving to the Sunshine State in 2021, according to the data.
Earlier this month, billionaire real estate developer Stephen Ross, whose business interests in the Big Apple include the Hudson Yards project, told Bloomberg News that he predicts the migration trend from New York to Florida will continue.
“People are looking from the Northeast and are moving for jobs — not retirement — and companies are looking for offices,” Ross said.
According to the company, the number of Florida residents working for Yelp has quadrupled. The picture above shows Miami.Getty Images
“There are tax issues, and there are security issues.”
Ross added, “There’s just the ease of life.”
Ken Griffin, the hedge fund billionaire who runs Citadel, announced last year that his company would be moving its headquarters from Chicago to Miami.
Load More…
{{#isDisplay}} {{/isDisplay}}{{#isAniviewVideo}} {{/isAniviewVideo}}{{#isSRVideo}} {{/isSRVideo}}
https://nypost.com/2023/02/21/yelp-workers-fled-nyc-san-francisco-in-favor-of-florida-texas/?utm_source=url_sitebuttons&utm_medium=site%20buttons&utm_campaign=site%20buttons
Copy the URL to share
