Meta is expected to cut or relocate its Instagram staff based in London as the tidal wave of layoffs sweeping the tech sector continues.
Its European headquarters near Covent Garden had become a centre of growth for the social media app owned by Facebook's parent company.
Its leader Adam Mosseri moved to London last year but he plans to relocate to the US along with staff who are not laid off, according to Bloomberg.
Meta announced in March plans to cut 10,000 jobs as part of an efficiency campaign pushed by chief executive Mark Zuckerberg.
According to a memo the company sent on Tuesday, Facebook, WhatsApp, Instagram and Reality Labs — which houses the business's virtual reality efforts and Quest hardware — will be affected.
A further round of cuts is expected to follow in May.
Instagram's London office was its first international presence, opening in 2013. Today the app is understood to have about 100 employees there.
The tech sector is undergoing a period of mass job losses after over-expanding during the pandemic amid a buzz that working from home would lead to greater demand long term.
Amazon is axing 19,000 jobs while Microsoft announced plans to cut 10,000 staff back in January.
Meta declined to comment.
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2023-04-20 07:13:43Z
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