Yelp to shut 3 U.S. workplaces, saying the “future of labor” is distant

Yelp is closing three of its U.S. workplaces after discovering most of its staff want to work remotely.

In a weblog publish Thursday, Yelp Cofounder and CEO Jeremy Stoppelman mentioned the corporate will shut its workplaces in Chicago, New York and Washington, D.C., on July 29. The web assessment and reservation firm additionally plans to downsize its workplace in Phoenix.

“Mixed, the three workplaces we’re closing noticed a weekly common utilization of lower than 2% of the accessible workspaces,” Stoppelman wrote.

San Francisco-based Yelp introduced a remote-first work mannequin in February 2021. Stoppelman mentioned Yelp has confirmed it may be profitable with a distant workforce, noting that the corporate achieved report income of simply over $1 billion in 2021.

“Yelp continues to expertise the advantages of a distant office and it is the clear path ahead for us,” Stoppelman mentioned.

Yelp is the most recent in a wave of corporations embracing distant work following the pandemic. Dropbox in March joined a rising variety of tech companies to declare themselves “digital first” employers, for the primary time in company historical past.

Musk attracts a line

Not all know-how corporations embrace distant work. Tesla CEO Elon Musk was pressed for his opinion on the matter in June after a leaked firm memo entitled “Distant work is not acceptable” was circulated on social media. Requested by one Twitter how he would reply to those that consider working in an workplace to be antiquated, Musk replied, “They need to fake to work elsewhere.”  

TechWatch: Sheryl Sandberg steps down from Meta, Elon Musk cracks down on distant work


Inner surveys present 86% of Yelp staff want to work remotely all or more often than not, whereas 87% mentioned that working remotely makes them simpler, the CEO wrote. For the reason that firm started reopening its workplaces about 9 months in the past, only one% of the corporate’s world workforce is coming into an workplace on daily basis.

Stoppelman mentioned the remote-first coverage has additionally helped with recruiting.

“Our workforce was beforehand concentrated within the areas the place we’ve got workplaces, and now we’ve got staff unfold throughout each state within the U.S. and 4 nations,” he mentioned.

Yelp, which has 4,400 staff, mentioned workplaces in San Francisco, London, Toronto and different places will stay open for now.

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