“It’s the worst of three options,” he said.
Yelp is also reducing its Phoenix office space. All closures and reductions of offices, which Yelp says are the most consistently underutilized, will be effective July 29, he said.
Stoppelman’s decision to double down on remote work comes after Yelp told its 4,400 employees last year that they can work from anywhere indefinitely. It also downsized its San Francisco headquarters to opt for a “hoteling” model, in which employees reserve their desk spaces for the day. Yelp is among a growing number of companies — including Twitter, Airbnb and Slack — that have indicated that the future of work is remote. Meanwhile, others are opting for a hybrid work environment or a five-day in-office workweek.
Yelp plans to use the cost-savings from the office space to reinvest in hiring, in employee benefits and perks, and the business itself. Stoppelman said the company is figuring out the cadence and best ways to host in-person events so workers can…