Oakland-based Pandora Media said Wednesday that it will cut 5 percent of its workforce and expand its business in Atlanta, because the Southern city is more cost effective than growing the brand in the East Bay.
California drivers could see the price of gas soar to $4 a gallon by May, a price point that hasn’t happened in the state since July 2014, analysts said this week. Patrick DeHaan, head of petroleum analysis at Boston-based GasBuddy, told Bloomberg on Thursday that with gas prices at their lowest for the year, they […]
San Rafael-based software company Autodesk said in an earnings statement Tuesday that it will cut 13 percent, or nearly 1,200 jobs, in a restructuring. An Autodesk spokesperson declined to give details on where those job cuts would be and said the company had no comment beyond what was in the earnings statement, which was released after the stock market closed. Shares of Autodesk fell more than 12 percent in after-hours trading. Autodesk employs some 9,000 people in its offices globally, including a combined 2,000 at its San Rafael headquarters and a San Francisco office.
Nestle’s decision to move hundreds of jobs out of California promises to fuel reflection among Bay Area business and civic leaders on the challenges of operating in California, with its high-priced housing and traffic congestion.
Several major companies, perhaps eager to boost public opinion for the tax overhaul that dramatically slashed their taxes, said Wednesday that they will boost employee pay and bonuses in the wake of federal tax law changes.
Three of San Francisco’s largest residential projects have been stalled by months of infrastructure approval delays, another obstacle in the push to alleviate the city’s housing shortage.
The projects, Parkmerced, Schlage Lock and Treasure Island, are at three different corners of the city and collectively contain more than 15,000 housing units, including thousands of affordable units.
Despite winning Board of Supervisors approvals years ago, each project has grappled with various technical approvals required by the city, according to developers, city officials and building permit documents. None have started construction on their housing phases, despite previous schedules calling for work to start by this year.
. . . A source, who works on one of the three projects, said there are “fundamental disagreements” between city agencies about project details, such as the shape of a driveway or the design of a building façade. That’s led to numerous delays.
Despite a systemwide drop off in ridership, almost all BART employees will receive a $500 ridership bonus in their paychecks next month as part of their labor contract, the transit agency said this week. San Francisco Chronicle columnists Matier & Ross first reported the bonus, which will go to 3,600 employees BART employees, except for around 12 or so managers who report to BART General Manager Grace Crunican.
The loss of another fast-growing company could spur soul-searching over the Bay Area’s cost of doing business, whether it’s San Francisco’s $1.5 million median home price, high cost of living or escalating labor costs.
The stepped-in increase will raise rates by 9.25 percent now and then by another 9 percent in July 2018, which comes out to an increase of around $4.34 per month for the average household this summer and $4.64 monthly when the second raise takes place next July, according to EBMUD measures. EBMUD has said it needs more funds to replace aging infrastructure and other maintenance — and says around 10 percent of the money will go toward filling a projected $30 million gap created when customers conserved water during the drought.
Fewer workers are moving to the Bay Area than in the past, further exacerbating the scarcity of skilled workers for in-demand fields. The total number of workers arriving in the Bay Area still exceeds the number of workers fleeing the region, but
The total number of workers arriving in the Bay Area still exceeds the number of workers fleeing the region, but net number of new arrivals has fallen 17 percent since February, according to June data out from LinkedIn. By comparison, Seattle saw a net migration increase by 2 percent over the same period.
Details on the proposal are scant, but the ordinance would likely be modeled on a similar plan that was approved by Portland’s City Council last November.
A restructuring plan from PG&E to cut 450 jobs and end relationships with 800 contract workers also includes sending at least 70 of those jobs to India — with the workers who formerly performed those roles required to train their overseas replacements.
San Francisco bag-maker Chrome Industries is the latest apparel company to move operations to Portland. The company said its headquarters will relocate there in early April.
The California State Department of Justice has joined the chorus of regulators calling for Uber to halt its self-driving car program in San Francisco, with an order from the Attorney General’s office saying it will seek an injunction to force a halt.
Eureka Landing will house around 200 employees and manufacture dashboard subassemblies for Tesla. The project will be finished later this month and SAS will move in January, after improvements are made in the HVAC and electrical systems.