Big Tech Ditching Office Space in London

In 2022, big tech firms faced economic challenges, leading to cost-cutting measures like job cuts and office space downsizing. Companies such as Meta, Alphabet, and Salesforce reduced their European operations, including in London. Despite previous investments in office spaces, the market crash diminished London's appeal. Globally, tech hubs like Dublin and San Francisco also experienced office closures and layoffs. However, TikTok showed resilience, considering expansion in the UK amidst the downturn.

What factors contributed to the downsizing of big tech firms in 2022?

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Which companies are mentioned as offloading office space in London?

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What significant changes did Google and Facebook make to their office spaces in London before the downsizing?

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How many job cuts in the tech industry were logged by Bloomberg over the past year?

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What is the current status of TikTok in relation to the tech downturn?

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