52-year-old Levine was appointed as Meta’s chief business officer in 2021.
Meta Platforms, on Monday, announced the departure of its chief business officer Marne Levine, after 13 years of association in various roles. Levine will stay on until the summer to ensure a seamless transition, the Mark Zuckerberg-led company said.
“From running global policy, to growing our Instagram business as the first COO, to leading our ads and business partnerships teams, Marne has been an incredible leader at Meta over the last 13 years,” the company’s operating chief said. “I’m grateful for our partnership, her commitment to Meta, and the energy she brought to the company every day.”
52-year-old Levine was appointed as Meta’s chief business officer in 2021 and oversees the company’s advertising and business partnerships. Some of her other previous roles include vice president of Global Partnerships, Business & Corporate Development, and COO of Instagram.
The American multinational tech giant also said it expanded the role of Nicola Mendelsohn as head of Global Business Group which will now include overseeing Global Partnerships and Engineering, among other tasks. Justin Osofsky is named as the head of Online Sales, Operations, and Partnerships; and among other things, his role will now include focusing on growing small and medium-sized businesses on Meta. Both will be reporting to COO Javier Olivan.
In its “year of efficiency,” the parent of Facebook, Instagram, and WhatsApp has reportedly delayed finalizing the budgets of several of its teams. This has fuelled speculations of another round of layoffs by the company in March. Meta laid off more than 11,000 employees in November and froze fresh hiring amid a grim global economic outlook.
Further, the tech major reportedly expects to bring down its expenses to between $89 billion and $95 billion in 2023. This is a decline from its previous outlook of $94 billion to $100 billion.