Meta, the parent company of Facebook and Instagram, decides to implement hybrid work and allows most of its employees are continuing to work from home. Meta plans to reduce the rent and operation costs by decreasing its office space.
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Meta’s hybrid working arrangement
Meta has given its employees a wide degree of flexibility to determine how they work. It has offered most employees the option to do their jobs remotely full-time or to select a mix of in-office and homework.
Although Meta also plans to open new offices in some locations, Bloomberg reported earlier that Meta will exercise its option to terminate its lease in that area.
The vice president of global facilities and real estate at Meta, John Ternanes said that while reviewing Meta’s office space, he discovered that some of the existing office leases were about to expire.
He is planning to combine the floors of several existing buildings into one floor after the leases expire and allow employees to continue to work remotely.
Why does Meta seek hybrid work?
Meta CEO, Mark Zuckerberg, has decided to take a number of steps, such as implementing a hiring freeze, to reduce the company’s costs, and informing employees at an all-staff meeting last Thursday, according to people familiar with the matter.
“One of our jobs is to recalibrate our space,” Tenanes said.
Nationally, the average office occupancy in 10 major U.S. cities has recently hit pandemic-era highs but remains below 50%, according to data from security provider Kastle Systems.
“At the end of June, Meta had 83,553 employees, but Meta’s offices are now less than 50 percent full”, Ternanes said.
“Before the pandemic, the company’s offices were about 75% occupied on any given today,” Ternanes added.
Office occupancy remains down across the company, therefore, adopting a hybrid office allows Meta to reduce its unnecessary workspace or redesign it into a more dynamic place.
More details of the benefits of hybrid work: A Full Guide to Hybrid Work: What is hybrid work model and why it is important? – ONEs Blog
What is the requirement to implement hybrid work?
To implement hybrid work, your hybrid office should work with a comprehensive office management system. It allows you to have flexibility at work, which means you can use any availed desk, room, and equipment in the office, and work at the location you wanted.
ONES is one of the famous all-in-one smart office systems that can help you to easily implement hybrid working at ease. You can easily perform virtual meetings, desk-hoteling, and digital office management with our Room Booking, Desk Booking, and Visitor Management features.
Contact us: hello@ones.software, or visit ONES Software official website for more information: https://ones.software/.