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.
by Sean Keane & Nina Raemont
See full article at CNet