> ## Documentation Index
> Fetch the complete documentation index at: https://developers.explorium.ai/llms.txt
> Use this file to discover all available pages before exploring further.

# 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 | 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 cURL theme={null}
curl -X POST \
  "https://api.explorium.ai/v2/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

<Columns cols={2}>
  <Card icon="party-horn" horizontal title="New Product Launch" href="/v2/businesses/events/types/new-product-launch">
    Launch of a new product
  </Card>

  <Card icon="building" horizontal title="New Office Opening" href="/v2/businesses/events/types/new-office-opening">
    Opening of a new office
  </Card>

  <Card icon="award" horizontal title="Company's Award" href="/v2/businesses/events/types/companys-award-event">
    Recognition of a company's achievements and accolades
  </Card>
</Columns>