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Small Business Growth

Snap closing San Francisco office amid restructuring [Video]

Snap Inc. is closing its San Francisco office as the tech giant embraces a flexible work policy and seeks to cut costs.

“Our San Francisco location was lightly used by team members following our move to flexible work,” a Snap spokesperson told FOX Business.

While employees are allowed to work remotely, Snap, the developer of social media app Snapchat, noted that some of its individual teams have scheduled in-office days. To continue to support San Francisco-based employees who want to go into the office, the company will offer access to a co-working space in the city. 

Snap has multiple offices in the Bay Area, including a recently opened campus in Palo Alto. The spokesperson added that the company would continue to monitor its office usage by city.  

SNAP SETS OFF ALARM BELLS IN AD-RELIANT SOCIAL MEDIA SECTOR

The move comes as Snap has seen a continued slowdown in its revenue growth due to a number of factors including …

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