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	API Name	Description	Data Type
Reason for office closing	reason_for_closure	Text describing the reason for the office closing.	string
Location of closing office	office_location	Text describing where the office is located.	string
Number of employees impacted	number_of_employees_affected	Number of employees impacted by the office location closing.	integer
Title of closing office article	title	Title of published news report or article on company's office closing.	string
Snippet	snippet	Short excerpt or highlight text summarizing the award or announcement	string
Link to article	link	Link to article announcing the company's office closing.	url
Event name	event_name	Name of the event related to office closing.	string
Event time	event_time	The timestamp indicating when the event actually occurred	datetime

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