Yelp CEO Jeremy Stoppelman announced that the company will close its offices in Chicago, New York, and Washington, D.C. by the end of July.
Stoppelman said this move comes after seeing “a weekly average utilization of less than 2% of available workspaces.”
Yelp has committed to a remote workforce since February of 2021, with the company clocking in record-high revenues for that year. Taking notes from its own internal survey showing 86% of Yelp employees prefer to work remotely, the firm is making moves to fully embrace this model.
“Yelp continues to experience the benefits of a remote workplace and it’s the clear path forward for us,” said Stoppelman, who says the embrace of a distributed workforce has also aided in the company’s recruitment tactics.
The company isn’t alone either — many tech firms have made the commitment to being a “virtual first” organization, allowing employees to remain productive in their preferred work setting.
