Meta, Lyft, Salesforce, and Other Tech Firms Dump Office Space as They Downsize
The big technology companies that drove U.S. office demand for years as they expanded their empires are now canceling leases and flooding business districts with office space as they downsize.
Facebook owner Meta Platforms Inc., Lyft Inc., Salesforce.com Inc., and other tech companies are shedding millions of square feet of office space in San Francisco, Silicon Valley, New York, Austin, Texas, and elsewhere. Amazon.com Inc. stopped construction on new office buildings in July amid a hiring freeze and is now preparing to lay off thousands of workers.