Twitter cuts back on office space

As of the end of 2021, the company had more than 7,500 employees, according to the agency

Twitter Inc. is cutting back on its physical office space in several global markets, including San Francisco, New York and Sydney, as the company cuts costs and leans harder into remote work, Qazet.az reports according to Reuters.

Twitter will significantly decrease its corporate presence in San Francisco by vacating an office on Tenth Street directly behind the Market Street headquarters, according to an email sent to employees on Wednesday. Twitter currently occupies multiple floors in the building. It has also scrapped plans to open an office across the Bay in Oakland.

The company is also exploring the possibility of closing several other offices after the expiration of the lease, including in South Korea, New Zealand, Japan, Spain, Germany and the Netherlands.

The announced changes continue a series of social network spending cuts that have cited global economic factors as the reason for the cuts.