Twitter said it is scaling back on physical office space around the world in favor of remote work as the social media giant tries to cut costs.
As Bloomberg News reported Wednesday (July 27), Twitter told employees in an email that it will drastically reduce its presence in San Francisco by moving out of an office space where it currently occupies multiple floors.
The company has also abandoned plans to open an office in the nearby city of Oakland, could also close its office in Sydney, and is also looking at shutting down offices in Japan, New Zealand, South Korea, Spain, Germany, and Holland when their leases expire. The company will also shrink corporate pace in Tokyo, New Delhi, New York and Dublin, but isn’t planning to cut jobs, the memo said.
“I want to make it clear that this does not change our commitment to the work in each of these markets,” wrote Dalana Brand, Twitter’s chief people officer.
“If certain offices were to close, there would be no impact to Tweeps’ employment; they would simply transition to full-time WFH employees.”
Read more: Block to Shut San Francisco HQ, Switch to Remote Workforce
Twitter’s move comes one month after payments-processing firm Block, previously known as Square, announced it would vacate its San Francisco headquarters when its lease expires in September of next year.
The company cited the fact that employees won’t be returning to traditional offices as COVID-19 restrictions end as the main reason for its decision. Block had previously said it no longer needs a single headquarters location and that many employees were working from home.
See also: Airbnb to Let Employees Live, Work Anywhere
This year also saw Airbnb announce that its workers can now choose to work from home or at the office.
“Today’s startups have embraced remote work and flexibility, and I think this will become the predominant way that we all work 10 years from now,” Brian Chesky, CEO of the vacation rental site, told employees. “This is where the world is going.”