Meta merges ad and business messaging product groups

The move comes as part of a broader effort by the social media company to reduce the ranks of middle management across the company

AP
Meta Platforms has merged its advertising product, business messaging and commerce departments into one division, The Information reported on Thursday, citing an internal message by company executive John Hegeman.

The move comes as part of a broader effort by the social media company to reduce the ranks of middle management across the company, the report said.

Meta did not immediately respond to a Reuters request for comment.


The owner of Facebook and Instagram has also kicked off an aggressive cost-cutting drive, with plans to eliminate 21,000 jobs and flatten its middle-management structure as it works towards CEO Mark Zuckerberg's goal of turning 2023 into the "year of efficiency".


Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › Tech › Tech & Internet › Meta merges ad and business messaging product groups
Text Size:AAA
Success
This article has been saved

*

+