Mamdani Erupts After Major Companies Leave New York! (Video)

This is a 25 December 2025 published video, we see elected mayor Zohran Mamdani is talking of new policies which is causing individuals, families and businesses to depart New York City.

New York politics are back in the spotlight after reports that several major companies are scaling back or leaving the state, prompting a strong public response from Assemblymember Zohran Mamdani. In this video, we break down what companies are doing, the reasons being cited for their decisions, and why Mamdani’s reaction is drawing attention across political and business media.

We examine the economic context behind corporate relocations, the policy debates fueling the backlash, and how supporters and critics are framing the issue very differently. As the story spreads online, it highlights broader discussions about taxation, regulation, affordability, and New York’s business climate.

https://youtu.be/qvEzHOJ7aYI

Many large companies, especially in finance and tech, have been leaving or expanding operations outside New York, moving to lower-tax, business-friendly states like Texas, Florida, and North Carolina, driven by high taxes, stringent regulations, and post-pandemic remote work flexibility, with major moves by firms like Goldman Sachs, J.P. Morgan, Citigroup and Oracle contributing to significant asset and job shifts. 

Main Reasons for Exodus:

• High Taxes: New York’s high state and city taxes are a significant deterrent for high-earning individuals and businesses.
• Business Climate: Uncompetitive regulations and a perceived hostile environment for business compared to Southern states.
• Cost of Living: Lower housing costs in states like Texas and Florida are a major draw.
• Talent Dispersion: Increased remote work capabilities make it easier for companies to tap talent pools outside NYC. 

Millions in assets and thousands of jobs have moved, with studies showing substantial tax revenue losses for NY. New York’s share of Fortune 500 headquarters has dropped significantly over recent decades, with Texas now having more. Consider 128 Fortune 500 firms had their headquarters in New York in 1965; today it’s down to about 50 — Texas beats us with 54, and even Florida has 22. Yet the state government is ever-more hostile to business of all kinds, and the city’s on the verge of making a socialist its next mayor