by - Meta business director Marne Levine is leaving the company, according to a post on Meta’s website.
- Levine will step down at the end of this month and will remain a Meta employee through the summer.
- Mark Zuckerberg declared 2023 the “year of efficiency”, hinting at another round of layoffs.
Meta’s chief business officer, Marne Levine, announced on Monday that she was stepping down after 13 years with the company, according to a post on Meta’s website.
Levine took the role in 2021, where he oversaw the company’s advertising and business partnerships. She started at Meta in 2010, held various executive positions over the years, and has a background in public policy.
Levine is also known as a longtime confidant of Sheryl Sandberg, who resigned as Meta’s Chief Operating Officer in 2022.
Levine’s role will be split between his successor, Nicola Mendelsohn and Justin Osofsky, according to the Meta post. Mendelsohn will assume the role of Head of Global Business Group, where he will oversee global partnership and engineering, while Osofsky will now be Head of Sales, Operations and Online Partnerships, where he will oversee sales and operations focused on growing small and medium-sized businesses. on Meta platforms, noted the post.
Mendelsohn and Osofsky also held executive roles at the company for years and will report to Meta COO Javier Olivan in their new roles, the post noted.
Levine will remain in her role through Feb. 21 and will remain an employee of the company through the summer to ensure a “seamless transition” for Mendelsohn and Justin Osofsky, the post noted.
“This new structure continues to bring our business and product teams closer together,” the post noted.
The changes are noteworthy in light of the announcements Meta CEO Mark Zuckerberg made in the company’s fourth-quarter earnings release in January. Zuckerberg noted that the company’s management theme for 2023 would be the “year of efficiency” and added, “We are focused on becoming a stronger, more agile organization.
In a call after the earnings release, Zuckerberg noted that the company was “removing some layers of middle management.” The company has also delayed establishing budgets for some teams as it prepares for another round of layoffs.
In November, Meta said it was laying off 13% of its workforce, or 11,000 employees.
Meta declined to comment.
