Twitter will reduce its office space across various regions as it looks to prioritize its remote work model and cut down on expenses.
The office exodus includes its corporate presence in San Francisco, where it will be leaving its Tenth Street space located near its headquarters. Additionally, it has walked back on plans to open a new office in Oakland.
Other offices that could be part of the company’s exit include leases that are expiring in Seoul; Wellington, New Zealand; Osaka, Japan; Madrid; Hamburg, Germany; and Utrecht, The Netherlands.
Twitter’s corporate presence in Dublin, Mumbai, New Delhi, New York, and Tokyo corporate will also see a reduction in space according to an internal memo. However, the firm emphasized that there would not be layoffs that follow these exits despite its recent hiring freeze.
“I want to make it clear that this does not change our commitment to the work in each of these markets,” said Dalana Brand, chief people officer at Twitter. “If certain offices were to close, there would be no impact to Tweeps’ employment; they would simply transition to full-time WFH employees.”
Twitter has been in a state of shock after its planned deal to sell the company to Tesla CEO Elon Musk fell apart. Now, the firm is suing Musk to either get him to complete the deal or pay related fees.
The legal battle is bound to be an expensive one, further supporting its need to reduce overhead costs. Plus, it coincides with Twitter’s commitment to a more remote workforce, allowing employees to live and work from anywhere.
