Snap closing San Francisco office amid restructuring

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Snap closing San Francisco office amid restructuring
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Snap Inc. will continue supporting San Francisco-based employees who want to go into the office by offering access to a co-working space in the California city.

Sarah Ponczek, Ed Yardeni and Cameron Dawson provide advice to investors on 'Making Money with Charles Payne.'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.

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