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==Management & Culture== | ==Management & Culture== | ||
March 22,2023. Meta's vice president of business messaging, Dan Levy, will leave the company in May. He has been with the company for 14 years. His division has been flagged by Zuckerberg for growth potential, but until 2022, he served as head of ad and business products<ref>https://finance.yahoo.com/news/senior-meta-ads-exec-departs-190000693.html</ref>. | |||
March 14, 2023. Meta announced that it will layoff 10,000 employees and close 5,000 open jobs that have not been hired. Due to the upcoming layoffs, the company adjusted its 2023 total expenses from $89-95 billion previously to be in the range of $86-92 billion. The company also highlighted some of its vision, culture and operating philosophy, which include; building a better technology company, improving business performance in a difficult economic environment and looking ahead<ref>https://capedge.com/filing/1326801/0001326801-23-000035/META-8K/file/2 | March 14, 2023. Meta announced that it will layoff 10,000 employees and close 5,000 open jobs that have not been hired. Due to the upcoming layoffs, the company adjusted its 2023 total expenses from $89-95 billion previously to be in the range of $86-92 billion. The company also highlighted some of its vision, culture and operating philosophy, which include; building a better technology company, improving business performance in a difficult economic environment and looking ahead<ref>https://capedge.com/filing/1326801/0001326801-23-000035/META-8K/file/2 | ||