East Bay corporate downsizing continues

East Bay corporate downsizing continues. We are still awaiting the fallout from Safeway Stores. HQ is downsizing in Pleasanton and Wells Fargo has been rumored to be shedding 250,000 square feet of Walnut Creek/Concord office space. Now Chevron has officially announced that they will be shutting down their 576,000 square foot Concord facility on Diamond Blvd, adjacent to I-680, which at one time housed 1,475 employees. On the good news side, General Electric has a software group in San Ramon that has grown from 100,000 sf to 400,000 sf, and Workday in Pleasanton has continued its explosive growth. (Contra Costa Times, December 5, 2014)

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