Culture wars, the cost of living, and bureaucratic red tape are driving a growing number of executives to flee California.
Attracted by the absence of income tax in Texas, 39 firms have decided to settle in Austin, like Elon Musk, boss of Tesla and SpaceX.
“OK, guys, listen to me: what if we move Silicon Valley to Miami?” The tweet, posted at the end of November by Delian Asparouhov, sounded like a geek provocation, but the co-founder of Varda Space Industries was seriously serious. His motivations echo those of many executive leaders in the Northern California tech scene, overwhelmed by the cost of living in San Francisco, the proverbial traffic jams, disputes with the region’s policymakers, the current cycle of droughts and droughts. gigantic fires, and the impression that California “Rests on its achievements”, according to the expression d’Elon Musk, boss of Tesla and SpaceX. As a result, many big bosses of Palo Alto and San José decide to move elsewhere. The extension of teleworking linked to the pandemic has only accelerated this growing transhumance.
Their destinations? Texas and California, but also Detroit (Michigan), New York, Boston (Massachusetts),
This article is for subscribers only. You have 83% left to discover.
Subscribe: 1 € the first month
Can be canceled at any time
Already subscribed? Log in
–
–
–
