Re:Stripe to move to South San Francisco
by secabeen on Thursday October 24, 2019 @01:01PM
(#21346583)
They did it, and they lost 25% of their of employees doing so: https://jalopnik.com/toyota-loses-25-percent-of-its-american...
Re:Stripe to move to South San Francisco
by freeAgent on Thursday October 24, 2019 @02:31PM
(#21347675)
A sizable portion of that 25% were people who decided to retire (early), but yeah...it was massively expensive. They also offered very, very generous moving packages to everyone who did relocate along with early retirement packages for those who stayed.
Re:Stripe to move to South San Francisco
by alexhutcheson on Thursday October 24, 2019 @01:00PM
(#21346560)
Yeah, I specifically meant the "grow a new satellite office into a new HQ" transition. I know companies open satellite offices all the time, but moving your HQ to one of them is much less common.
By growing any one of their regional offices, they could move their headquarters. Toyota recently did this over the course of several years. They announced the relocation in 2014, but didn't officially move the HQ until 2016. The planning and execution spanned years before and after that timeframe as well.