Meta job cuts put chill on Mark Zuckerberg’s office footprint in NYC

Mark Zuckerberg’s announcement that he’s cutting 11,000 jobs from Meta, or 13% of the tech giant’s workforce, sent shivers through Manhattan’s industrial corridors.

The corporate previously called Facebook was on an actual estate expansion roll even in the course of the pandemic, when Zuckerberg said he expected half of Meta’s employees to make money working from home inside five years. It leased 720,000 square feet of offices at Vornado’s Farley Constructing in August 2020.

Meta also took over 1.5 million expensive square feet at several of Related’s Hudson Yards towers and a number of other hundred thousand square feet more elsewhere in Manhattan.

Meta didn’t reply to e-mails looking for comment on whether it would scale back its office space.

Mark Zuckerberg’s announcement that he’s cutting 11,000 jobs from Meta, or 13% of the tech giant’s workforce, sent shivers through Manhattan’s industrial corridors.

The corporate previously called Facebook was on an actual estate expansion roll even in the course of the pandemic, when Zuckerberg said he expected half of Meta’s employees to make money working from home inside five years. It leased 720,000 square feet of offices at Vornado’s Farley Constructing in August 2020.

Meta also took over 1.5 million expensive square feet at several of Related’s Hudson Yards towers and a number of other hundred thousand square feet more elsewhere in Manhattan.

Meta didn’t reply to e-mails looking for comment on whether it would scale back its office space.