The lease was for 88 Bluxome, a high-rise complex to-be-constructed near Pinterest's existing San Francisco headquarters. The company cited a shift to work from home due to the coronavirus pandemic in its decision.
Pinterest Chief Financial Officer Todd Morgenfeld said in a statement that in a post-CORVID world Pininterest’s staff are going to be more distributed and this would give the outfit an opportunity to hire people from a wider range of backgrounds and experiences.
The kicker is that it cost Pinterest a fortune to bail out of the project. The termination fee for the 490,000-square-foot office space is $89.5 million.
While the company is going great guns now, if my cunning plan to get the site removed from Google searches goes through, there will be much rejoicing in the research community.