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Does anyone have a clear picture of how this affects the employees and office footprint of FRB in the short and long term?

FRB had announced 25% layoffs last week. Is that still on the table? Does it go higher?

FRB is one of the largest leasers of commercial office space in SF at 150,000 sqft*. Is it expected that there will be significant reduction here? Or business as usual?

* https://www.crexi.com/insights/the-san-francisco-commercial-...



Typically in these kinds of situations, most of the customer facing branch employees keep their jobs but no so much with the back office people.




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