Meta About to Relocate London Team
Meta will allocate the employees back to the US who were not dismissed from employment and moved to the UK last year, including the Boss of Instagram, Adam Mosseri. Currently, more than 100 Instagram staff members are working in London.
It happened because Meta decided to hire another 10,000 employees last month and stop 5,000 vacancies. Their staff gets updated by Mark Zuckerberg, who focuses on replanning to flatten the teams, reducing hiring rates, and canceling lower priority projects.
Also, he said it is hard to say goodbye to the dedicated and passionate colleagues who have been part of your success.
In this situation, we should prepare ourselves for every possibility to survive in the new economic reality as it continues for many years. But, unfortunately, higher Interest rates make the economy leaner, unstable, and volatile. So, it hits the economy, slows growth, and increases the cost of creation.
Last year in November, about 10,000 employees were laid off to slash the company’s costs. But Meta does not reveal how many more jobs were affected as part of the layoffs.