Pinterest is paying a $89.5 million termination fee to not move forward with a big new office lease in San Francisco. “As we analyze how our workplace will change in a post-Covid world, we are specifically rethinking where future employees could be based,” Todd Morgenfeld, Pinterest’s chief financial officer and head of business operations told Bloomberg Friday.
Why we care. Pinterest isn’t giving up offices altogether — it’s keeping its SF HQ, but it’s a sign of big tech’s moves to branch out beyond to source and support talent beyond Silicon Valley. Slack, Twitter and other firms are also embracing remote and distributed workforces. It “will give us the opportunity to hire people from a wider range of backgrounds and experiences,” Morgenfeld added. This shift will have ripple effects throughout tech and digital marketing agency. We discussed what the potential effects of this trend for marketers on our most recent Live with Search Engine Land.
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source http://www.scpie.org/sel-20200901/
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