META cut office space liao....really 万福金安ahead

[k1976]

https://sg.yahoo.com/finance/news/m...f-office-space-in-singapore-bt-013434560.html

 

[k1976]

Bloomberg) — Meta Platforms Inc. is giving up its lease for seven floors of office space in Singapore that’s set to expire at the end of September, The Business Times reported Thursday.

The Facebook parent had conveyed its decision to not renew its lease at South Beach Tower in June last year, the newspaper reported, citing Samantha Tan, general manager of developer South Beach Consortium Pte. That was just three months after a round of global layoffs by Meta in March.

 

[k1976]

Meta is among technology companies that began conducting rounds of layoffs since late 2022, that were deeper and broader than anything in recent memory. Still, the belt-tightening measures have allowed Meta to announce plans for an additional $50 billion in stock buybacks and its first quarterly dividend, giving investors a reason to stick around.

Meta started moving staff out of its 115,000-square-feet South Beach Tower offices in the first half of last year, consolidating its teams at its office in Marina One in the financial district, the report said.

©2024 Bloomberg L.P.

 

[laksaboy]

Karma for helping to steal the 2020 US election.

 

[A Singaporean]

This is great news. FTs will be retained as per PAP's direction. Once again coolie gene Sinkies will be fucked. Sinkies asked for it by voting for PAP.

 

[Boonsiong]

Steady. Meta has no intention to cut staff numbers. Instead they want to expand their office space but the current space is not suitable for their expanded staff numbers

 

[in3deep]

fake news lah... they shifting the staff to be all under one roof at another location

 

[congo9]

Sure or not ?

Steady. Meta has no intention to cut staff numbers. Instead they want to expand their office space but the current space is not suitable for their expanded staff numbers

Sure it not ?
All big boys downsizing , then meta want to expand and hire and get a bigger office space ?

 

[Boonsiong]

Sure or not ?

Sure it not ?
All big boys downsizing , then meta want to expand and hire and get a bigger office space ?

Sure! If u believe in Pap