Yeah, I've noticed a recent exodus of mid-level and senior people out of the Bay Area and to the major satellite offices in the US and abroad.
The traditional wisdom is that you should work from HQ to maximize your career advancement, but I think many people are weighing this against the untenable housing situation and realizing it's not worth it.
Also, San Francisco was considered a fun alternative to living in Cupertino or Menlo Park or Mountain View, but the city just keeps going further downhill. Junior employees likely have a higher tolerance than senior employees for the quality-of-life issues you deal with in San Francisco.
The traditional wisdom is that you should work from HQ to maximize your career advancement, but I think many people are weighing this against the untenable housing situation and realizing it's not worth it.
Also, San Francisco was considered a fun alternative to living in Cupertino or Menlo Park or Mountain View, but the city just keeps going further downhill. Junior employees likely have a higher tolerance than senior employees for the quality-of-life issues you deal with in San Francisco.