Meta to cut or move Instagram employees to London

Instagram CEO Adam Mosseri moved to London last year but is now planning to move back to the US. Photo: Heathcliff O'Malley.

Another round of layoffs is expected to follow in May.

Instagram's London office was the company's first international office, opening in 2013. Today, the application employs about 100 employees. .

The tech sector is experiencing a period of massive job losses due to overemployment during the pandemic amid hopes that working from home will increase demand in the long term.

Amazon stops working. 19,000 jobs while Microsoft announced plans to lay off 10,000 employees back in January.

Disney said it would lay off about 7,000 employees in February and Accenture said in March it plans to cut 19 000 jobs, or 2.5% of its workforce.

Zoom announced it would cut 15% of its workforce, or 1,300 people, in February, while PayPal said in January it would cut 2,000 jobs .

Twitter has cut about half of its staff since Elon Musk took over the social network in October last year.

Meta declined to comment.