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Description

An Office Closing event tracks when a company shuts down a physical office or facility. This data provides insights into business downsizing, market exits, and shifts in operational strategy. Important: The Office Closing event is available only for recent office closures that occurred within the last quarter (timestamp_from should be set to the past 3 months). If no office closure was recorded during this period, no data will be returned. For long-term office location history, refer to the Firmographic Enrichment API.

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Use cases

  • Market Contraction Analysis: Identify industries or regions where businesses are downsizing.
  • Competitive Intelligence: Track competitor office closures to understand their market shifts.
  • Economic Indicators: Assess the impact of office closures on local economies and employment.
  • Operational Strategy: Monitor company restructuring and realignment decisions.

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Data Schema

Event Name "closing_office" (Use this value in theevent_types parameter when querying this event.)
SignalAPI NameDescriptionData Type
Reason for office closingreason_for_closureText describing the reason for the office closing.string
Location of closing officeoffice_locationText describing where the office is located.string
Number of employees impactednumber_of_employees_affectedNumber of employees impacted by the office location closing.integer
Title of closing office articletitleTitle of published news report or article on company’s office closing.string
SnippetsnippetShort excerpt or highlight text summarizing the award or announcementstring
Link to articlelinkLink to article announcing the company’s office closing.url
Event nameevent_nameName of the event related to office closing.string
Event timeevent_timeThe timestamp indicating when the event actually occurreddatetime

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Query Example

cURL
curl -X POST \
  "https://api.explorium.ai/v1/businesses/events" \
  -H "API_KEY: your_api_key_here" \
  -H "Content-Type: application/json" \
  -d '{
  "event_types": [
    "closing_office"
  ],
  "business_ids": [
    "8adce3ca1cef0c986b22310e369a0793"
  ],
  "timestamp_from": "2025-01-01T10:03:03.050Z"
}'

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Best Practices

  • Filter by location (office_location) to analyze closures in specific regions.
  • Track closure reasons (reason_for_closure) to understand business decisions.
  • Monitor employment impact (number_of_employees_affected) to assess workforce reductions.

New Product Launch

Launch of a new product

New Office Opening

Opening of a new office

Company's Award

Recognition of a company’s achievements and accolades
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