Monday, November 27, 2023

"Every Company Leaving California: 2020-2023"

From Build Remote, October 27:

Arguably since the first agricultural revolution 10,000+ years ago, work has been tied a fixed location. That location-based work – first a farm, then a manufacturing plant, then an office – created opportunity. Opportunity attracted workers (or new citizens).

Therefore, we always formed cities, countries, and societies primarily through location-based opportunity. Go where the work is, as they say. For the first time in thousands of years, that trend is reversing. With the internet (and remote work layered on top), you now have the ability to bring your work (your livelihood, really) with you to any location. Now, cities and states offer remote work incentive programs.

This remote work revolution is starting to drive astounding second- and third-order consequences.

  • If you can bring your work wherever you want, where should you live?
  • If you no longer need to live near the office, what happens to our cities?
  • If a company no longer has a physical headquarters, could it reside in a state or country with a more favorable environment?

First, the employees start to work from home. Then, the companies go fully remote. Then, the company itself moves to a better jurisdiction.

In this report, we’re talking about the third-order effect of the remote work revolution: companies leaving states. In the United States, the biggest trend has been with companies leaving California.

Below, you’ll find all of the companies leaving California since 2020. Whenever a company announces its plans to leave the state, we’ll update the list.

View the full list | Download the database | See how many have moved | See where they’re moving

👉 Companies Leaving California Since 2020 👈

Here is the list of companies with over 100 employees organized by year.

(Want to download the spreadsheet? Take it with you here.)

Companies Leaving California In 2023....

....MUCH MORE