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

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

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

“Mixed, the three places of work we’re closing noticed a weekly common utilization of lower than 2% of the obtainable 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 document 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 growing number of tech firms 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 now not acceptable” was circulated on social media. Requested by one Twitter how he would reply to those that imagine working in an workplace to be antiquated, Musk replied, “They need to fake to work some place else.”  


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Inside surveys present 86% of Yelp employees 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 places of work about 9 months in the past, only one% of the corporate’s international workforce is coming into an workplace daily.

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

“Our workforce was beforehand concentrated within the areas the place now we have places of work, and now now we have staff unfold throughout each state within the U.S. and 4 international locations,” he mentioned.

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



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