Instagram set to axe London staff just months after parent Meta relocated execs to the capital
Instagram is set to axe 250 staff in London just months after its parent firm Meta moved executives to the capital.
The Covent Garden office is expected to be shuttered as Mark Zuckerberg’s firm continues to sack thousands of employees. It was opened in 2013 as a European hub for the business.
It came amid reports Meta plans to slash over 10 per cent of its UK workforce – at least 687 from around 5,000 employees.
Job cuts: Instagram employs around 4,000 people in the UK, with offices in London’s Covent Garden and Kings Cross
Other positions are also thought to be at risk of redundancy, according to the Financial Times.
Instagram boss Adam Mosseri moved to London last year to drive growth in the face of competition from TikTok but he is now reportedly heading back to the US along with other staff who have dodged job cuts.
Meta, which owns Facebook and WhatsApp, last month said it would shed 10,000 jobs. It adds to 11,000 axed in October.