Monuments to Hubris: The New Tech HQs That Harbinger Doom

Historically, big tech companies start building new gigantic corporate campus instead right before they implode. Oh, look: Yahoo's drawing up plans for a 42-acre project and hadn't laying off thousands of workers.

Yahoo's proposed new HQ in the Silicon Valley town of Santa Clara would be big enough to house 7,000 additional staff, according to former Valleywag Nicholas Carlson, at Business Insider. The company continues to try and push permits for the plan through the city's approval process despite plenty of available office space in existing Silicon Valley buildings.

We've seen this movie before. It does not end well:

It's worth noting that Yahoo's plans have been underway since three years ago, when the company bought the land in question for $112 million. Seasoned real estate developers know it often makes more sense to obtain city approvals before canceling a project, since the approvals can usually be transferred to a new owner, making the underlying land more valuable. So Bartz is not necessarily at fault for Yahoo's hubristic plans. But that doesn't make her any less likely to be the victim of what they portend.