Meta Scales Back on New York Office Space Amid Company Restructuring

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Meta Scales Back on New York Office Space Amid Company Restructuring

CNET - Amid company-wide layoffs, Meta is scaling back its office spaces in New York's Hudson Yards. The decision to return its two towers in Manhattan's Hudson Yards comes as the media company explores options for cutting costs, initiating a hiring freeze, and tightening its workforce. The company expects to lose ~$2B on office consolidation cited in Meta's Q3 earnings call.