Elon Musk’s social media platform X will reportedly close its San Francisco office. This marks the ending of the company's presence in the city where it was founded in 2006.
With the closure, X employees are set to be relocated to San Jose and Palo Alto as the company is making a broader shift in its operations, Bloomberg reported.
This development follows Elon Musk’s acquisition of the company in 2022 after which he expressed discontent with San Francisco's cultural and political climate saying that the company is dissatisfied with the city and California state legislation under Governor Gavin Newsom.
In a previous indication, Elon Musk said that X would relocate its headquarters to Texas. Earlier, the company put 460,000 square feet of its San Francisco office space up for lease.
The closure marks the end of an era for San Francisco where Twitter began nearly two decades ago. The Market Street office was part of a development that included other tech companies as well which benefitted from special tax breaks.
As per data, San Francisco currently has the highest office-vacancy rate among major US metro areas, surpassing 36%.
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