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bvwq318bdΒ inΒ Β 
Business AnalystΒ 7 months ago

Yelp is closing offices in major markets

Yelp will close its offices in Chicago, New York and Washington, D.C., and reduce its Phoenix office by the end of July. The company plans to reinvest the savings into hiring and employee perks. I wonder when they will start hiring again and for what roles.

Maybe Q4 '22 or Q1 '23?

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coffeeplsSolution ArchitectΒ 7 months ago
Think this is going to be the case with a lot of companies that don't own the real estate that they use or paid a significant amount to lease for 10+ years. A lot of companies downsized and sub-leased a lot of their spaces and I feel like once those contracts are over they're not going to renew their lease.
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19g615l1xxomehSoftware EngineerΒ 7 months ago
Even if they own or lease office space, that doesn’t influence decisions much. Space can be subleased or sold.

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