Fueled by the pandemic, the recent wave of employee turnover known as “The Great Resignation” has caused a major shortage of employees throughout the economy.
Technology companies have received more than their share of the instability, with 72% of tech/IT workers thinking of changing jobs or exploring other opportunities in the next 12 months, compared to 55% for other careers in the U.S., according to a 2021 survey of 1,200 tech employees by Talent LMS and Workable.
SAN JOSE, CA (May 20, 2022) — Ahmad Thomas, CEO of the Silicon Valley Leadership Group, issued the following statement today in response to the release of Governor Newsom’s May Revise for FY 2022-23:
“The Silicon Valley Leadership Group thanks Governor Newsom for proposing a budget designed to help tackle our state’s most pressing problems, while providing a strong framework for growth and renewal as we emerge from an unprecedented global pandemic…”
SAN JOSE, CA (13, April 2022) — A new study released by the Silicon Valley Leadership Group Foundation finds that the impact of automated trucking in California would increase the state’s economy by upwards of $6.5 billion or more, as well as grow wages and employment for workers without prompting mass driver layoffs. In fact, the report finds that the automated trucking industry could generate up to 2,400 new jobs in California.
In an Executive Roundtable moderated by Jason Baker, SVP of Health, Housing and Transportation Policy on April 4, special guest Congressman Ro Khanna spoke to SVLG members about his key concerns and initiatives, including Biden’s Build Back Better framework, well-crafted antitrust legislation, and U.S.-based manufacturing.
In a roundtable discussion on climate leadership in the Golden State on March 22, Lauren Sanchez, Senior Climate Advisor for Governor Newsom, shared the latest insights from Sacramento on topics including natural gas resources, EV charging, environmental justice, and carbon capture.
Looking to buy a home in the Bay Area? You’ll need a household income of about $235,000 to afford the median home price of $1.2 million — and that’s if you can find a seller who will take your money. Whether it’s the climate, the innovative atmosphere, or the world-class tech ecosystem, people want to be here, and Bay Area housing prices continue to skyrocket.
With many left out of the market or enduring long commutes to less expensive areas as a result, local leaders are working together to increase the housing supply and make the Bay Area more affordable for all.
The League of California Cities Peninsula Division, city officials, and business leaders from the Silicon Valley Leadership Group came together to discuss the future of housing in the Bay Area at Housing in Your City, an online SVLG event on January 26.
Following the murder of George Floyd in May 2020, colleagues from the Stanford Business School’s Class of 1994 decided to take collective action to address systemic racism in the United States.
When some of the classmates came together in a working group on organizational practice and accountability, many working as general managers said they felt they could be doing more on diversity, equity, and inclusion. They knew resources were out there, but they didn’t know where to start. After speaking with leaders who had made progress on DE&I, DE&I consultants, and academics, the group put together a framework and specific recommendations for change. The Racial Equity Playbook, a tool designed to help corporations make meaningful changes to drive diversity, equity, and inclusion, came out of this collaboration.
SAN JOSE, CA (January 20, 2022) — A new coalition of more than 25 business associations throughout California have collectively engaged with federal legislators to reveal how a slate of proposed antitrust bills in Congress would harm consumers, small businesses and entrepreneurs.
SAN JOSÉ, CA (January 10, 2022) —Ahmad Thomas, CEO of the Silicon Valley Leadership Group, issued the following statement today in response to the release of Governor Newsom’s proposed budget for FY 2022-23:“As California enters the third year of an unprecedented global pandemic, we thank Governor Newsom for proposing a budget designed to tackle existing challenges and provide a strong framework for growth and renewal.Silicon Valley remains the best place on Earth for innovation, yet our region’s value proposition is vulnerable to the challenges of the pandemic, shifting dynamics tied to a remote or hybrid workforce, climate impacts, and the ever-rising cost of living.Our record-breaking budget surplus makes this an ideal time to fuel growth by investing in our state and enacting policies that safeguard our innovation infrastructure, providing an opportunity to create shared value for all Californians.It remains vital that we focus on ensuring our state remains a competitive place to do business. We strongly support the Governor’s proposal to restore the critical business tax credits and net operating loss deductions that were previously suspended and capped under AB 85 (2020).Much work remains to be done as the problems that face our state are complex and solutions must be ambitious. SVLG’s outstanding budget and policy priorities go to the heart of improving the economic and quality of life of not just our region, but all of California. To this end, SVLG and its world-leading member companies are poised to work with the Governor in order to lay a strong foundation for the future, one that increases equity and earnestly addresses the challenges that face our state.”
The SVLG Launch Circuit Speaker Series last week hosted a lively discussion with former US Secretary of Commerce Carlos Gutierrez touching on immigration, workforce effectiveness, and leadership. Gutierrez is also the former CEO of The Kellogg Company, where he was both the youngest and first Hispanic CEO in the company’s 100-year history.
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