After massive layoffs, microblogging platform Twitter is vacating its flexible office spaces in India.
People familiar with the matter said the company has initiated vacating seats in Mumbai under its WeWork arrangement and is serving a three-month notice period. Twitter has also given up its TEC space at One Horizon in Gurgaon and would have vacated seats there.
The total number of vacated seats around both centres would be around 150, people cited above said.
The remaining employees at Gurgaon TEC centre have been moved to Mehrauli TEC centre in Delhi, they said. The company’s marketing and policy teams have been operating out of this centre.
The company has done away with its entire communications team in India. An email sent to press@twitter(dot)com did not elicit a response till the time of going to press. WeWork and TEC also did not respond to emails seeking comments till the time of going to press.
Some former employees said they had heard rumours about the company vacating these spaces.
“Considering what is happening globally at Twitter, there would be some additional seats coming up by March,” said a person familiar with the developments.
Earlier this month, Twitter had laid off entire teams in India and might have fired around 180 of its 230 odd employees in India, as per media reports. The layoffs were spread across content, partnerships, content curation, sales and social marketing teams. Very few employees had reportedly received the survivor emails, according to previous reports.
As per India Real Estate Update Report by Knight Frank India, the commercial office sector recorded a seven quarter high in leasing volumes in the third quarter of this year. The transaction volumes stood at 16.1 million square feet across top eight cities in India during the quarter.
The co-working or managed office sector witnessed the maximum increase in the share of total transactions at 23% against 6% in the third quarter of 2021. Volumes transacted by this sector grew 380% year on year as per the report.
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