Eventbrite is moving out of its main headquarters, a year after it laid off 45 percent of its staff in April 2020 as the coronavirus pandemic decimated live events.
The San Francisco Business Times reported Wednesday that the ticketing and events company is opting to not renew a lease on its 97,000 square-foot headquarters in the University of the Pacific building, and instead moving in with the housing company Zillow.
These new digs, located on 535 Mission St., are a fraction of the size of its current space, at 13,335 square feet. Eventbrite will pay nearly $2 million for the two-year office sublease pending approval, reports the Business Times.
A blog post from Eventbrite surfaced by the Business Times indicated that 68 percent of employees wanted to return to the workplace occasionally, while another 23 percent wanted to work remotely full-time, possibly also indications of the company's reduction of its office space.
A spokesperson for Eventbrite told SFGATE that the decision was made due to employee preferences for their workspace, including more green space and open light. The company also said that business bounced back in 2021, reporting Q2 earnings of $46.3 million.
"Our lease for our existing office space ended in May and we took this as an opportunity to look for a space that supported the needs of our new hybrid workforce," said a company representative.
They also assured that last year's layoffs did not "inform our decision when searching for a new office space."
"We're thrilled to be in the San Francisco area," said the spokesperson. "This is where we were founded and we're excited about the possibility of whenever people do return to work and it's safe."
Eventbrite's April 2020 layoffs, reported Billboard at the time, primarily targeted its music division and were expected to reduce annual expenses by $100 million.