In a blog post, Chief Executive Jeremy Stoppelman said online-review company will close its “most consistently underutilized offices” in New York, Chicago and Washington D.C. effective July 29. “Combined, the three offices we’re closing saw a weekly average utilization of less than 2% of the available workspaces,” he said.
Stoppelman cited Yelp employee surveys that found 86% of respondents said they prefer to work from home most or all of the time, with 87% saying working from home made them more effective. He said that since Yelp reopened its offices nine months ago, giving employees the option to come in, only about 1% of workers have chosen to come in every day.
“Over time we came to realize that the future of work at Yelp is remote. It’s best for our employees, and for our business,” Stoppelman said, adding that record revenue in 2021 proves “just how productive we are in a remote work environment.”
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