Yelp Shuttering Offices in NYC, Chicago and DC in Move to Remote Work
Online review company Yelp will shutter its “most consistently underutilized” offices in New York, Chicago and Washington, DC and downsize its Phoenix office effective July 29, CEO Jeremy Stoppelman said in a blog posting. The San Francisco-based company leases nearly 350,000 square feet among 11 Madison Ave. In New York, the MART in Chicago and 575 Seventh St. in DC.
“Over time we came to realize that the future of work at Yelp is remote,” wrote Stoppelman. “It’s best for our employees, and for our business.” Yelp will “embrace a fully remote workplace and design the future of remote work,” he wrote.
“Globally, about 1% of our workforce is choosing to come into the office every day,” Stoppelman wrote. “The three offices we’re closing saw a weekly average utilization of less than 2% of the available workspaces.”
Stoppelman didn’t specify plans for Yelp’s offices in London, Toronto and Hamburg, Germany.
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