Twitter is pulling back on its Bay Area footprint.
The social media company has announced it has backed out of a planned Oakland expansion, where it signed a lease in 2021. Twitter had planned to occupy 66,000 square feet across four floors in an 18-story tower, with an opening planned for late this year.
Additionally, the S.F. Chronicle reports that Twitter is also shutting down its 1 10th St. office in San Francisco, which is connected to its main 1355 Market St. headquarters.
According to Bloomberg, Twitter also plans to downsize in Tokyo, Mumbai, New Delhi and Dublin. In addition, offices could potentially close in Seoul; Wellington, New Zealand; Osaka; Madrid; Hamburg; Sydney; and Utrecht, Netherlands. A small Bay Area office in San Jose is remaining open.
“We are evaluating our global office portfolio and re-sizing certain locations based on utilization. We’ve proven we can operate our business successfully with a distributed workforce over the years and remain committed to our employees, our customers, and the markets we serve,” a spokesperson said.
The company allows employees to permanently work remotely.