Skip to main contentSkip to main content
You have permission to edit this article.
Edit
topical

Yelp closes three US offices, says remote work is its future

  • 0

Yelp is closing three of its U.S. offices after finding most of its employees prefer to work remotely.

In a blog post Thursday, Yelp Co-Founder and CEO Jeremy Stoppelman said the company will close its offices in New York, Washington and Chicago on July 29. The online review and reservation company also plans to downsize its office in Phoenix.

The offices the company is closing were its most "consistently underutilized," with only about 2% of workspaces in use each week, Stoppelman said.

San Francisco-based Yelp announced a remote-first work model in February 2021. Stoppelman said Yelp has proven it can be successful with a remote workforce, noting that the company achieved record revenue of just over $1 billion in 2021.

Trevor Noah to headline at the Illinois State Fair

"Yelp continues to experience the benefits of a remote workplace and it's the clear path forward for us," Steppelman wrote in the blog post.

Stoppelman said internal surveys show 86% of Yelp workers prefer to work remotely all or most of the time, while 87% said that working remotely makes them more effective. Since the company began reopening its offices about nine months ago, only 1% of the company's global workforce is coming into an office every day.

Stoppelman said the remote-first policy has also helped with recruiting.

"Our workforce was previously concentrated in the areas where we have offices, and now we have employees spread across every state in the U.S. and four countries," Stoppelman wrote.

Yelp, which has 4,400 employees, said offices in San Francisco, London, Toronto and other locations will remain open for now.

0 Comments
0
0
0
0
0

Be the first to know

* I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy.

Related to this story

A federal judge sentenced a Chicago man to nearly three years in prison after he pleaded guilty to setting a police SUV on fire while wearing a Joker mask during widespread May 2020 demonstrations over the death of George Floyd in Minneapolis.

Listen now and subscribe: Apple Podcasts | Google Podcasts | Spotify | Stitcher | RSS Feed | Omny Studio

Get up-to-the-minute news sent straight to your device.

Topics

News Alerts

Breaking News