Todd Morgenfeld on Pinterest's decision to cancel a lease for 490,000 square feet in San Francisco

As we analyze how our workplace will change in a post-COVID world, we are specifically rethinking where future employees could be based. A more distributed workforce will give us the opportunity to hire people from a wider range of backgrounds and experiences. 

~ Todd Morgenfeld, Pinterest’s CFO and Head of Business Operations, "California Taxpayers Can Check Out Any Time They Like, But Lawmakers Still Want to Tax Those Who Leave," Forbes, August 31, 2020

(Pinterest announced at the end of August that it’s paying a termination fee in excess of $89 million to cancel a lease for 490,000 square feet of office space to be constructed near its current San Francisco headquarters.)