Meta Platforms said Monday that chief business officer Marne Levin is leaving the Facebook owner after 13 years at the helm.
Fifty-two-year-old Levine, who will be appointed as the company’s first chief business officer in 2021, has held several other executive positions at the social media company, including chief operating officer of Instagram.
The company said it expanded Nicola Mendelsohn’s role as head of global business group and named Justin Osofsky as head of online sales, operations and partnerships in light of Levin’s impending departure.
Mendelsohn will handle the company’s relationships with top marketers and agencies for all of its apps, while Osofsky will lead sales and operations focused on growing small and medium-sized businesses. metaK platform.
These changes come at a time when Meta plans to cut costs by $ 5 billion (about Rs 41,320 crore) from $ 89 billion (about Rs 7,35,450 crore) to $ 95 billion (about Rs 7) this year. has promised. 85,000 crore), calling 2023 the “year of efficiency”.
a few days ago, it was informed of That Meta has asked many of its managers and directors to transition to individual contributor jobs or leave the company.
The process is known internally as “flattening,” the people said. Individual contributors are not in charge of others, and instead focus on tasks such as coding, designing, and research.
Back in November, Meta — the owner of Facebook and Instagram — laid off 13 percent of its workforce during its first major layoff in November. Meta CEO Mark Zuckerberg explained during the company’s earnings report that he still thinks the organization is too slow-moving and bloated. He called 2023 the “year of efficiency” and vowed to cut middle-of-the-road managers and underperforming projects.
meta in january announced Appointment of Vikas Purohit as Director of Meta’s Global Business Group in India to lead Charter’s strategy and distribution focused on the country’s largest advertisers and agency partners.