--Meta Platforms Inc. plans to close one of its New York offices as part of a cost-reduction strategy, Bloomberg reports citing unnamed sources.

--The social-media giant is exercising its option to end its lease at 225 Park Ave. South in Manhattan, New York, Bloomberg reports, adding that the scaling down of its expansion plans includes a freeze on hiring and a restructuring of teams.

 

Full story: https://cutt.ly/cV5fuy4

 

Write to Sabela Ojea at sabela.ojea@wsj.com

 

(END) Dow Jones Newswires

October 04, 2022 06:52 ET (10:52 GMT)

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