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 were some of the economic challenges faced by big tech companies in 2022?

• Increasing stock prices and low interest rates

• Crashing stock prices and surging interest rates

• Decreasing interest rates and rising stock prices

• Stable economic outlook and high employment rates

Which companies were mentioned as offloading office space in London?

• Apple, Microsoft, and IBM

• Meta, Alphabet, and Salesforce

• Amazon, Netflix, and Twitter

• Tesla, SpaceX, and Oracle

What significant investment did Google make in its London office?

• Spent a billion dollars on a central complex

• Built a new campus in Silicon Valley

• Opened a new office in Paris

• Acquired a tech startup in Dublin

What was the estimated financial impact on Meta's global office facilities?

• $1 billion

• $500 million

• $2 billion

• $3 billion

Which company was considering expanding its office space in London despite the downturn?

• Microsoft

• TikTok

• Netflix

• Amazon