The world of tech has been roiled by waves of layoffs. So far this year, more than 142,000 workers at major tech companies have lost their jobs—many due to AI-related cuts. Meta is laying off 8,000 workers to offset the cost of AI investments, while potentially redirecting 7,000 more toward AI-related roles.
That makes these layoffs different from temporary setbacks. Rather, they are seemingly permanent shifts in what these companies need in a workforce.
As the layoffs continue in tech epicenters such as San Francisco, Seattle, and New York City, those in the real estate world are wondering whether such massive changes might lead to a shift in where tech workers live. Will they decamp for more affordable markets, shedding their homes on the way out?…