Meta is to slash jobs at its Instagram office in London and shift roles back to the US as part of widespread cost-cutting measures as the social media giant wrestles with a slump in advertising revenues amid harsher economic conditions.
The social media firm will relocate staff who have not been sacked back to the US, including Instagram boss Adam Mosseri, who moved to the UK last year, according to a report by Bloomberg. As many as 100 Instagram staff are currently based in London.
