Meta, Microsoft vacate office buildings in US over WFH and layoffs

As the tech sector goes through ‘soft market’ changes in the office leasing space, major companies such as Facebook parent Meta and Microsoft are separately vacating their buildings in Seattle and Bellevue in Washington, according to the Seattle Times.

A soft market is a phase in the economic cycle characterised by more sellers than buyers and low prices.

Facebook on Friday confirmed its plans to sublease its offices at the six-story Arbor Block 333 in downtown Seattle, and in the 11-story Block 6 of the Spring District in Bellevue, the Seattle Times reported. The social media giant is also reviewing leases for