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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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