Office Closing

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.

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.

Data Schema

Event Name `"closing_office"` (Use this value in the `event_types` parameter when querying this event.)

Signal Name	name	Type
Reason for office closing	`reason_for_closure`	TEXT
News report publishing date	`event_time`	DATETIME
Location of closing office	`office_location`	TEXT
Date of office closing	`closure_date`	DATETIME
News event ID	`event_id`	TEXT
Number of employees impacted	`number_of_employees_affected`	NUMERIC
Link to article	`link`	URL

Query Example

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"
}'

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.

Related Events

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