Facebook parent Meta to shrink some offices as it adapts to hybrid work | Fox Business

Meta Platforms Inc. plans to shrink some of its offices as many of its employees continue to do their jobs from home, the latest large company to reassess its real estate in the hybrid-work era. The social-media giant will rearrange some office layouts, clustering desks and teams together to effectively put employees in closer proximity, the company’s top real-estate executive said in an interview. The goal, he said, is to make the spaces more dynamic.”One of our jobs is to recalibrate our space,” said John Tenanes, vice president of global facilities and real estate at Meta. “We’re creating a smaller venue, and for the same amount of folks, but it’s a smaller venue and we’re hoping that really drives a life in the building: more energy, more activity.” Mark Zuckerberg, via video, speaks at the 2022 SXSW Conference and Festivals at Austin Convention Center on March 15, 2022, in Austin, Texas. (Samantha Burkardt/Getty Images for SXSW / Getty Images)MAJORITY OF U.S. EMPLOYEES SAY REMOTE WORK OPTIONS IMPACT JOB OFFER DECISIONS: REPORT Mr. Tenanes said it was too early to quantify how much the company’s overall real-estate footprint could shift and he didn’t comment on specific locations or cities likely to…
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