- MetaPlatforms, Inc META Instagram is migrating most of his team, including social media platform head Adam Mosseri, from London to New York a major restructuring.
- Instagram had recently built a new hub in the UK, where its engineering and product teams are based, but is now asking staff to move to the US to bring it back under centralized control, Financial Times reports.
- Mosseri moved to London from California less than eight months ago.
- Meta suggests building Instagram primarily in New York, where it already has large teams of employees working to engage with the platform’s content creators.
- London was Instagram’s first international office, established in 2013. In 2022, the city was Meta’s largest global development site outside of the United States, employing approximately 4,000 people.
- Since then Meta has shared plan to ax over 20,000 jobs.
- Mosseri’s ambitions for London, where he expected to build a large, multi-tiered team in the city, were dashed by Meta’s cost-cutting.
- As Zuckerberg cut jobs, specifically targeting “middle managers … for faster decision-making,” the Instagram team was sporadically restructured, often reporting back to the US for direction.
- Price promotion: META shares traded 0.90% lower at $213.75 premarket on the latest check Thursday.
- Photo by Neeclick via Pixahive
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