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Instagram staff in London to be cut or relocated to U.S.: report

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Meta Platforms will be cutting or relocating around 100 London-based employees working at Instagram, Bloomberg reported late Wednesday.

Instagram’s presence in London expanded early last year when leader Adam Mosseri moved there temporarily. Mosseri plans to move back to the U.S. and will bring along the staff members who aren’t laid off, the report said, citing a person familiar with the matter.

Around 100 staff at Instagram are said to be impacted by the move. The London office was the company’s first international expansion back in 2013.

The news comes as Meta
META,
-1.01%

began its latest round of job cuts this week, which would affect 10,000 staff in the engineering and tech team departments across Facebook, WhatsApp, Instagram and Reality Labs, according to a company memo, Bloomberg said.

Further cuts are expected in May.

CEO Mark Zuckerberg’s push for restructuring started last fall, when over 11,000 employees were hit with layoffs, causing a wave of job cuts across other big tech companies.

More: More than 157,000 tech-sector employees have lost their jobs since the start of 2023

Meta is set to report its first-quarter results next Wednesday and all eyes are focused on AI and advertising. Its stock was 1% down premarket on Thursday.

Meta did not immediately respond to MarketWatch’s request for comment.

Read: AI is the word as Alphabet and Meta get ready for earnings

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Jacob Keiter is a husband, a writer, a journalist, a musician, and a business owner. His journey to becoming a writer was one that was paved with challenges, but ultimately led him to find his true calling. Jacob's early years were marked by a strong desire for creative expression. He was always drawn to music, and in his youth, he played in several bands, chasing the elusive promise of fame and success. However, despite his best efforts, Jacob struggled to find the recognition he craved. It wasn't until he hit a low point in his life that Jacob discovered his love for writing. He turned to writing as a form of therapy during a particularly difficult time, and found that it not only helped him to cope with his struggles, but also allowed him to express himself in a way that he had never been able to before. Jacob's writing skills quickly caught the attention of others, and he soon found himself working as a journalist for The Sun out of Hummelstown. From there, he went on to contribute to a variety of publications, including the American Bee Journal and Referee Magazine. Jacob's writing style is reflective of traditional journalism, but he also infuses his work with a unique voice that sets him apart from others in his field. Despite his success as a writer, Jacob also owns another business, JJ Auto & Home, which specializes in cleaning. Jacob's commitment to excellence is evident in all of his endeavors, whether it be in his writing or in his business ventures. Today, Jacob is the author of two books and continues to inspire others through his writing. His journey to becoming a writer serves as a reminder that sometimes our darkest moments can lead us to our greatest achievements.

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