Housing Shortage Continue to Plague East Bay, Silicon Valley

Local companies are feeling the pinch of the Bay Area’s unprecedented housing situation and even paying to move talent and expertise away from our cities.

The Guardian reported that

“Zapier, an automation company founded in 2011, has announced that it is offering new recruits a hefty “de-location package” if they’re willing to move away from the Bay Area, an unusual perk that offers yet another sign of the worsening housing crisis in northern California.

Zapier, where all employees work remotely, recently announced that if current Bay Area residents were interested in improving their “family’s standard of living” by relocating, the firm would provide $10,000 in moving reimbursements. Since CEO Wade Foster posted about the package last week, the uptick in applicants has been dramatic, he said in an interview.”

Read the full story from The Guardian