Twitter is considering closing its Osaka office in Japan & shrinking its Tokyo office, will it accelerate the transition to remote work on a global scale?
Bloomberg reports that Twitter is accelerating the transition to remote work by shrinking or closing offices around the world. According to media reports, there are no plans to dismiss employees due to office cuts.
Twitter Pares Back Office Space in New York, San Francisco in Remote Work Shift --Bloomberg
Twitter cancels Oakland office, trims San Francisco amid global downsizing of real estate --San Francisco Business Times
https://www.bizjournals.com/sanfrancisco/news/2022/07/27/twitter-oakland-downsize-san-francisco.html?page=all
Twitter is planning to reduce office space around the world, including San Francisco, New York, and Sydney, as it cuts costs and promotes remote work. According to a Bloomberg informant, Twitter sent an email to its employees in July 2022 informing them that it plans to significantly reduce its headquarters office space on Market Street in San Francisco. In addition to this, Twitter has announced that it will return to a blank slate with plans for a new office that was planned to open in Auckland.
In addition, Twitter is considering closing offices in Sydney, Australia, Seoul, South Korea, Wellington, New Zealand, Osaka, Japan, Madrid, Spain, Hamburg, Germany, and Utrecht, the Netherlands, after the lease ends. It seems that it is. However, it seems that the possibility of looking for alternative office spaces for these offices is also being explored.
In addition, office spaces located in key markets such as Tokyo, Mumbai and New Delhi, India, Dublin, Ireland and New York are also being considered for reduction. However, sources say Twitter has no plans to reduce headcount due to the closure or shrinkage of office space.
'It's clear that this plan doesn't change our commitment to work in each market,' Dalana Brand , Twitter's Chief People Diversity Officer, told Bloomberg. The closure of the office will have no effect on the work of Twitter employees, 'he said, emphasizing that the work system will only switch from working in the office to remote work at home. ..
A Twitter spokeswoman said the decision 'has no effect on reducing employees or changing roles.' As of the end of 2021, Twitter had more than 7,500 employees worldwide.
This change on Twitter is the latest example of cost savings by social media companies. Twitter freezes new employment in early May 2022. CEO Parag Agrawal also announced reductions in marketing and company travel costs and urged employees to refrain from spending. As a result, the employee trip to Disneyland scheduled for early 2023 has also been cancelled.
In April 2022, Twitter agreed on a $ 44 billion worth of acquisition by Elon Musk . However, after that, Mr. Musk announced that he would withdraw from the acquisition, and the two sides were in a legal battle. In addition, while Twitter promotes remote work, Mr. Musk is known to be a remote work opponent who notifies Tesla employees by e-mail ' If you do not return to the office, quit .'
Elon Musk Announces 'Cancel Twitter Acquisition'-GIGAZINE
Twitter announced that when the new coronavirus pandemic occurred in 2020, employees would be allowed to work remotely after the pandemic. Around this time, Twitter has questioned the need for office space in high-priced cities such as San Francisco and New York.
Twitter allows employees to work at home even after the end of the new Corona-GIGAZINE
Since the pandemic of the new coronavirus, several companies have been shrinking their office space, and companies such as Block and Salesforce are shrinking their office space in San Francisco. Major IT companies such as Amazon and Meta have also reduced their office space in Manhattan.
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