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Roland Li

Roland Li

Business Reporter & Editor at San Francisco Chronicle

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Email address
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Influence score
53
Phone
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Location
United States
Languages
  • English
Covering topics
  • Business
  • Real Estate

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Recent Articles

sfchronicle.com

S.F. Fed president says 'doom loop' talk ignores reality of city's economic power - San Francisco...

When San Francisco Federal Reserve president Mary Daly travels, she said this is the most common question she gets: “Is San Francisco in a doom loop? Is the world over?” While she acknowledged that the city has plenty of challenges, like empty offices and expensive housing, Daly said the city’s powerhouse economy has far too much going for it for a doomsday scenario to happen. (Other economists agree.) “It’s hard for, as an economist and a historian, to say that you’ve got talented people, a bea…
5 months ago
sfchronicle.com

Despite tech layoffs, unemployment fell across Bay Area, California...

Unemployment rates fell across the Bay Area and California in May, with businesses like restaurants and hotels adding thousands of jobs, even as the tech industry continues to shed them. San Francisco’s unemployment rate dropped from 3.5% in April to 3% in May and is down a full percentage point from the beginning of the year, according to state Employment Development Department data released Friday. San Francisco and San Mateo County, which make up one metropolitan division, added 4,300 jobs in…
5 months ago
sfchronicle.com

San Francisco Centre signs 7 new tenants, not all are retailers - S...

San Francisco’s biggest mall has signed leases with seven new tenants, countering a mass exodus that has left the 1.5 million-square-foot property half empty. Three tenants have opened at the Emporium Centre San Francisco, formerly Westfield San Francisco Centre, according to management: A&S Cell Accessories and Repairs; Hey Hi Toys; and Paw Box, a “pilot project” vending machine that dispenses pet treats. Exclusive: S.F.’s biggest mall might bring movies back to its big screens S.F. downtown ex…
5 months ago
sfchronicle.com

Look inside: Visa opens huge new S.F. office next to Giants ballpar...

Mission Rock, a new waterfront district rising next to the San Francisco Giants’ ballpark, has reached another milestone with the opening of Visa’s huge new office. In the past few weeks, the payments giant has moved about 1,000 workers into the white, 300,000-square-foot building at Dr. Maya Angelou Lane and Toni Stone Crossing. S.F. Bay Area property map: Here’s who owns every building in the region It’s one of only a handful of major new buildings constructed in San Francisco since the pandem…
6 months ago
sfchronicle.com

Amazon to close Northern California warehouse, 390 workers offered ...

Amazon is closing a Stockton warehouse with 390 workers, but the e-commerce giant said it is offering guaranteed job transfers to nearby facilities. The Stockton Sort Center at 4601 Newcastle Drive will close by July 30, according to state filings. An Amazon spokesperson said all workers would be offered opportunities to transfer to nearby facilities in Stockton, Tracy and Manteca. Amazon will open two new facilities in Stockton with around 1,000 total workers as well. Tech layoffs: Here are the…
6 months ago
sfchronicle.com

Booming chipmaker Nvidia buys Bay Area HQ for $326 million - San Fr...

Nvidia, the Silicon Valley chipmaker whose products are integral to the artificial intelligence boom, has purchased its longtime Santa Clara headquarters complex for $326 million, property records show. The company, whose market capitalization has nearly doubled this year to $2.37 trillion, completed the purchase on May 2, according to property records. It spans multiple buildings along Walsh Avenue and Scott Boulevard. The seller was Los Angeles-based investor Preylock Reitman. More real estate…
6 months ago
sfchronicle.com

Exclusive: Five of S.F.'s biggest companies create volunteer coalit...

Five of San Francisco’s largest employers — Gap Inc., Levi Strauss & Co., Visa, Wells Fargo and JPMorgan Chase — have created a new volunteer coalition with the goal of cleaning up and revitalizing downtown. Their first joint volunteer day was Thursday, with around 250 employees from all five companies gathering at Embarcadero Plaza, not far from each of their local headquarters. Volunteers were to pick up trash from city streets in the area and also clean up, remove weeds and beautify Rincon Hi…
7 months ago
sfchronicle.com

California's population grows for first time in years - San Francis...

California’s population grew slightly in 2023 for the first time in years as deaths fell and international immigration continued to recover, new state data shows. There were 39.1 million state residents at the end of last year, an estimated gain of 0.17%, or over 67,000 people from the prior year, according to state Department of Finance data released Tuesday. During the first year of the pandemic, the state saw its first population loss on record, and slowing growth in the prior decade led to t…
7 months ago
sfchronicle.com

Bay Area gas station staffing company shutting down, laying off ove...

A Bay Area gas station staffing company is shutting down and laying off 337 workers, according to state filings. Walnut Creek-based Aura Management Co. said in a state filing this month that its contract with gas company BP was terminated, forcing Aura to “terminate all its active employees and cease operations” by June 26. Aura did not immediately respond to a request for comment, but said in the filings that its “understanding is that BP will continue to operate the sites with the help of Thor…
7 months ago
sfchronicle.com

Tesla mass layoffs impact Bay Area, with over 2,750 jobs lost - San...

UPDATE: Elon Musk announces fresh layoffs at Tesla, going ‘hard core about headcount’ Tesla’s mass layoffs will hit the electric carmaker’s Fremont gigafactory and Palo Alto offices with 2,753 job cuts, according to state filings. The move is part of a broader 10% workforce reduction across the Elon Musk-led company, marking one of the most substantial layoffs in the Bay Area in the past year following cuts in the thousands at Google, Meta, Cisco, PayPal and Microsoft. Tech layoffs: Here are the…
7 months ago
sfchronicle.com

Apple lays off hundreds of workers in first mass cuts since pandemi...

Apple is laying off 614 employees in Santa Clara as part of its first mass job cuts in years, according to a state filing. An attorney for the tech giant wrote that the layoffs are effective on May 27, in a letter last week to the California Employment Development Department. The move, which spans eight offices in Santa Clara, follows reports that the company canceled a decade-long electric car project. The filing did not mention the project, but affected roles include “machine shop” managers, h…
8 months ago