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Hi, I'm leaving Citi in 2 months.It's hard to make this decision. I have an offer from a small startup.In citi, my previous experience was not considered and was reskilled to different tech which is the reason for change.I don't like to exit citi. As I like the company so much.But considering my current knowledge,I am in the middle of the sea.I am afraid now that the new company's offer would be revoked due to this recession?Or can I take back my resignation in citi before the last working day.Is this wise decision?
Looking for connections in the San Diego area.
Anyone in SF/ San Jose? f25
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It’s amazing how these cities/states continue to elect democrat leadership. Clueless
Rising Star
Butler’s Germany was also an economic powerhouse, as is modern-day China as a whole.
A healthy economy usually goes hand in hand with tyranny and subjugation.
Detroit has better techno music
Pro
Detroit collapsed because the car industry collapsed. I don’t see a tech industry collapse on the horizon any time soon.
But it seems pretty clear SF is headed into a long, slow decline after years of bad leadership.
I think it’s more likely to become the next Chicago.
Pro
Lol @deloitte im from chicago… would you say they’ve had a lot of good mayors lately?
And @softwareengineer i wouldnt say chicago is a horrible place, nor is SF, but Chicago has flat (almost declining) population, massive debt that prevents the city gov from effectively solving problems and the innovative companies that used to flock there to open their HQ’s have now moved elsewhere.
I was making the point that SF is still doing pretty well, but its influence is starting to wane (like Chicago’s did). And if they dont course correct, it will continue to slide off.
EY 1- Ha. Guess you’re happy with how things in Alabama, Arkansas, MO, Mississippi, SC, WV, Louisiana etc, are going?
Rising Star
This took 5 seconds of googling
https://www.nytimes.com/interactive/2021/upshot/2020-election-map.html?campaign_id=9&emc=edit_nn_20210202&instance_id=26658&nl=the-morning®i_id=62069521&segment_id=50802&te=1&user_id=be0ba56ca36accd673381df46e7347a4
If tech companies start leaving then…. Buh bye 👋 SF
SF was never fully driving by tech industry. That's like an afterthought.
Nope. Couple reasons:
1. The tech industry is going to continue to grow rapidly. COVID put a real dent in SF since employees went remote, but remote won't last forever- most major tech companies have "return to office" dates or hybrid policies that will require living nearby. Unlike Detroit where car manufacturing had been slowly declining for decades.
2. Housing prices in SF are at record levels and growing, showing strong demand and willingness to pay. SF was already the most expensive city in the US for housing before the pandemic, and its position has only solidified despite a global economic crisis. Unlike Detroit where the subprime mortgage crisis collapsed the housing market.
3. A lot of people are leaving SF (and California more broadly), but the region is actually becoming wealthier and more educated on average. People who move out of California are more likely to be lower or middle income and less likely to have a college degree than people who move in (see: https://www.ppic.org/blog/whos-leaving-california-and-whos-moving-in/ or https://www.bloomberg.com/opinion/articles/2021-05-19/wait-california-has-lower-middle-class-taxes-than-texas). SF also has more billionaires than any other city in the US, except NYC. Wealth of this magnitude never existed in Detroit.
Tesla just moved out of the area so I don’t think the trend of SF becoming a motor city is there
At least Detroit doesn’t have earthquakes. It’s not outside the realm of possibility San Francisco has a major earthquake in the next 10-20 years
Pro
the fourth largest economic engine in America fueling the state with the largest economy in America will become the next automotive bust town?
Vast differences between the two. Detroit was never what SF has ever been.
I highly doubt that houses will sell for $10k in SF any time soon.