• Tech giant Meta dumps 3 Bay Area offices

    From useapen@21:1/5 to All on Tue Apr 8 09:08:28 2025
    XPost: misc.business, alt.california, alt.fan.rush-limbaugh
    XPost: sac.politics, talk.politics.misc

    Meta, the Menlo Park-based tech giant behind Facebook, WhatsApp and
    Instagram, is shutting three side-by-side buildings at its large office
    complex across the bay in Fremont.

    The nearly 200,000 square feet of closures, reported by the San Francisco Standard and confirmed to SFGATE by Meta spokesperson Tracy Clayton, come
    as the company walks back a binge of office-leasing from the 2010s. In a January filing, Meta wrote that it finished 2024 with 11 million square
    feet of office and building space in the Bay Area, 2 million square feet
    of which was unoccupied space it planned to cut loose as part of
    �facilities consolidation restructuring efforts.�

    Clayton declined to answer SFGATE�s questions, except to confirm the
    Fremont closures and to verify the Standard�s report. The outlet wrote
    that Meta staff from two of the closed buildings � 6591 Dumbarton Circle
    and 6520 Kaiser Drive � will relocate to the Menlo Park headquarters,
    while workers at 6504 Kaiser Drive will move elsewhere in the Fremont
    campus.

    Two employee cafes and a music room will also close, the Standard
    reported, citing an internal memo about the office closures. Meta�s
    Fremont campus, about a 10-minute drive across the Dumbarton Bridge from
    its Menlo Park headquarters, came together with two large leases in 2017
    and 2018.

    In 2018, Meta had less than half as many employees as it did at the start
    of this year. The company has ballooned in size, especially at the
    beginning of the pandemic, but over the past few years, both its head
    count and its real estate holdings have been in major flux. CEO Mark
    Zuckerberg slashed more than 20,000 jobs in 2022 and 2023 and chopped
    thousands more workers from its ranks earlier this year, with Zuckerberg
    vowing to backfill their roles.

    The company�s real estate moves have left vast amounts of office space up
    for grabs, and some smaller tech players are taking advantage. Meta
    ditched more than 400,000 square feet of office space at the San Francisco skyscraper 181 Fremont St., and in December, it subleased a 773,000- square-foot campus in Menlo Park to the cloud computing company Snowflake.

    https://www.sfgate.com/tech/article/meta-dumps-three-fremont-offices- 20263626.php

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