Meta (formerly Facebook) and Microsoft are giving up office facilities in Seattle and Bellevue in Washington. The decision comes days after Twitter followed a similar move to cut expenses amid uncertain macroeconomic conditions. According to media report, Facebook’s parent, Meta, confirmed its plans to sublease offices in downtown Seattle and Bellevue, respectively. Facebook’s head office is located in Menlo Park, California.
The report adds that Microsoft will not renew its lease on the 26-story City Center Plaza in Bellevue. The lease ends in June 2024. Microsoft’s main office is located in Redmond, Washington.
The report also highlights that Meta and Microsoft are giving up offices as several employees prefer remote work options. However, both tech giants are facing heat amid a global economic slowdown. Meta laid off 11,000 workers globally in November 2022. The company’s Seattle office saw the exit of 726 employees. Microsoft, on the other hand, has not laid off staff in bulk, though the company has taken measures to limit costs. In July 2022, Microsoft froze hiring for certain roles to cut expenses.