Would 50-80% of employees quit if a company moved to Sunnyvale? Was that a serious fact?
Yes, something like that depending on the company and how committed employees are. Itβs a horrible commute.
But for many companies, even 10% of employees quitting is enough reason to stick with the expensive office space.
The big question is how much lock-in they can achieve. The lock-in is largely caused by employee loyalty. Employees who like beer and camaraderie in the evenings may be hard to persuade to move to a soulless office park.
It's a micro version of the way a city gets lock-in. San Francisco office space costs 2-5x more than Sunnyvale, because employees will quit if you move your office from one to the other.