Meta’s New York space includes about 730,000 square feet at the redeveloped Farley Building, Bloomberg noted.
In early November, Metalaid off more than 11,000 employees, or about 13 percent of its workforce.
This follows weekend reports that Facebook’s parent company waspreparing for mass layoffs.
He had believed this would continue and increased the company’s spending.
“Unfortunately, this did not play out the way I expected,” he wrote.
In July, Meta reportedits first-ever revenue dropand revealeddisappointing third-quarter resultslast month as ad sales shrank.
Meta’s traditional social media business has faced fierce competition in the form of short-form video appTikTok.
In October 2021, the Facebookrenamed itself Metato reflect this.
