At least, many of them want to leave. A report from recruiting firm and job hunting platform Woo.io shows a marked increase in the percent of Bay Area tech workers looking to relocate, with many of them eyeing New York.
From the San Francisco Business Times:
"Bay Area tech workers are increasingly interested in relocating to somewhere else in the nation, with new data from job-hunting platform Woo showing that almost 7 percent more have said they are hoping to move to a region with a higher quality of life soon.
The data from the Q1 Woondex came from 50,000+ "techies" that submitted their information over the Woo platform between Jan. 1 and March 31."
According to the data: 29 percent of tech talent in the area is now looking to relocate, compared to 22 percent last year. Of those looking to relocate, 47 percent say they are interested in moving to New York, up from 37.5 percent last year. As anyone who lives in the Bay Area can attest, a disproportionate number of San Francisco's newest residents are New York City transplants, so its no stretch to assume some of those tech workers considering a New York move are viewing it as a homecoming.
What's driving this shift, according to Woo? The rent is too damn high. And the pay--as lucrative as non-tech employees tend to assume it is--is apparently not looking like it's going increase sufficiently to make staying in the City by the Bay worth it.
"As the economic tides change, the Bay Area, with its entrenched tech workforce, is the perfect place to take the pulse of worker expectations and how they are shifting over time," Woo CEO Liran Kotzer told the Business Times. "In Q1, with real-estate prices high but the stock market cooling, Bay Area techies lowered their salary expectations, and became increasingly interested in relocation, with a 6.9 percent uptick in workers looking to move outside the Bay Area."
Looks like San Francisco could be getting over its "east infection," as a handful of folks have jokingly called it.