Meta Downsizes Office Space in Lagos After Workforce Reduction

The parent company of Facebook, WhatsApp, and Instagram, Meta, has revealed plans to downsize its office space in Lagos.

This decision follows a reduction in its workforce last year, which involved laying off approximately 35 employees, including the termination of the company’s engineering team consisting of about 24 individuals in 2023. As a result, Meta’s engineering functions for the region are now being managed by various global engineering hubs outside Nigeria.

Reports indicate that this move is part of a review process aimed at optimizing the company’s real estate footprint as it reconsiders its tenancy agreement for office space in the 15-story Kings Tower Building in the upscale Ikoyi district of Lagos. Meta has stated that it intends to shift to a desk-sharing model for employees who primarily work remotely.

The company stated, “We regularly review our office spaces to ensure they meet the needs of the business, and the office in Nigeria is no different. As we reduce our real estate footprint, we’re transitioning to desk sharing for people who already spend most of their time outside the office.”

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Additionally, the company emphasized that it is not exiting the Nigerian market. Meta asserted, “We’re making focused, balanced investments to support our most strategic long-term priorities and are firmly committed to Nigeria.”

Meanwhile, Meta’s President of Global Affairs, Nick Clegg, visited Nigeria earlier this year and announced the company’s plans to monetize Nigerian creators in Q3 2024. He also acknowledged the recognition Nigerian creators have received globally and their use of Meta’s platforms to build communities.

Meta is the second major tech company to visibly scale back its operations in the country, following Microsoft’s closure of its African Development Centre in May 2024 and the announcement of layoffs for its entire engineering team in the country.

Techrectory with Agency Report.

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