And another leaves the cesspool that is San Fran.
San Francisco loses another large downtown business as city’s troubles mount
Cinemark Holdings, Inc. is shuttering its downtown San Francisco
theater, becoming the latest major firm to high-tail it out of the troubled California city.
“Cinemark can confirm it has decided to permanently close the Century San Francisco Centre 9 and XD theater shortly before the conclusion of its lease term following a comprehensive review of local business conditions,” a spokesperson for the company..
I don’t fault them at all.
San Francisco Republican Party Chairman John Dennis blamed progressive policies for running businesses out of town, telling FOX Business San Francisco is “the worst managed city in America.”
It is sure up there.
But California Democratic Rep. Ro Khanna… that despite crime problems the claims of a “mass exodus” of businesses from San Francisco are not true, and the major tech hub is thriving.
The corporations/technocrats are, but not the average employee(s).
These are the biggest tech layoffs impacting the S.F. Bay Area
Massive layoffs have become rampant within the tech industry over the last several months as the job market now faces a major contraction after years of over-hiring during the pandemic.
What number are we looking at?
The Bay Area, in particular, has been hit hard as Meta, Google, Twitter and other regionally-based tech companies have forced an estimated 100,000 people out of their jobs.
And that does not look at the working/living conditions those workers had to face, including where in May 2019 the median market rent for a one-bedroom apartment was at a staggering $3,700 per month.
So with crime, drugs, homelessness, and then all your wages to pay for rent…
Welcome slaves, you will be happy with what your overlords give you.
You will own nothing of your own.
You live only to serve the corporations.
Welcome to San Fran, a model DEMon controlled city/state.