Submitted 1 year ago by L4s@lemmy.world [bot] to technology@lemmy.world
Virgin Atlantic suspends its route from London to Austin because it says the city’s tech boom is over::Virgin Atlantic in a Friday statement said that in Austin “demand in the tech sector is not set to improve in the near term.”
For a few years it seemed like every tech bro and their mother was moving into Austin
Then Texas happened. All they had to do was nothing and become silicone valley rich
It was bringing in too many liberals for Texas. They’ll trade the billions in money for control.
Like Van Nuys, silicone valley?
This is the best summary I could come up with:
Over the past decade, Austin’s national reputation has become increasingly tied to the tech sector, with companies lured by its highly educated workforce and Texas-sized tax incentives.
But in a major decision, Virgin Atlantic on Friday announced that it would end its nonstop route from Austin to London less than two years after first offering the flights.
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Such a statement is a reflection of significant changes in Austin, which just two years ago had arguably the buzziest commercial real estate market in the United States.
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The report also noted the looming issue of vacancies in the lion’s share of the new commercial real estate projects under construction.
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Virgin Atlantic may be axing its London route from Austin, but British Airways remains, connecting the two cities with nonstop flights.
With the Austin route coming to a close, Virgin Atlantic announced that it would beef up its service between London and Miami for the summer 2024 season, increasing the number of flights between the two cities from 11 to 14.
The original article contains 377 words, the summary contains 180 words. Saved 52%. I’m a bot and I’m open source!
“Wow what a shock!” said the conservative shithole state
London had a tech boom?
As an Austinite, I’m stoked to hear the tech boom is over.
henfredemars@infosec.pub 1 year ago
My employer has an office there. We actually closed down recently and offered relocation to all our employees at this office. Before that, we had people leave that office voluntarily because they were concerned about their individual liberties, generally healthcare and access to family planning services.
Potatos_are_not_friends@lemmy.world 1 year ago
I thought we were the only one! We had a small office for about 10 employees. We were planning on expanding and buying a building. But then, we just made them all remote and stopped that Texas expansion.
Why? Because it’s REALLY F’en hard to have a tech company when power can’t be guaranteed.
Mafflez@reddthat.com 1 year ago
It’s almost like Texas in general is a shit hole and tech companies shouldn’t bother with the state in general. I have no clue why there even was a boom in Austin due to the stupidly shit power grid in the first place.