Meta Ousts Key Product Design Official As Part Of Its Restructuring - Meta Platforms (NASDAQ:META)


  • Meta Platforms Inc META top product design executive, Vice President Margaret Stewart, said she would depart in mid-November after more than ten years at the company.
  • She marveled at the opportunity to work on many exciting projects at Meta, including ads, commerce, AI, and Privacy. She expressed her love for supporting the Open Arts team.
  • Among other duties, Stewart oversaw a Responsible Innovation team that focused on identifying potential harms in products before they were built. Still, the company dissolved it earlier this year, Reuters reports.
  • Also Read: Analysts See Meta Connect Shows Progress With Partnerships, Admire Mark Zuckerberg’s Vision
  • Stewart is yet to decide on a plan for what she will do next.
  • In June, Sheryl Sandberg resigned from Meta as COO after close to 11 years with the company
  • Sandberg called her time at Meta the “honor and privilege of a lifetime” but joked that it’s also “not the most manageable job anyone has ever had.” 
  • However, just a week after she left the company, Facebook started investigating Sandberg’s role in possibly misusing corporate resources.
  • Meta CEO Mark Zuckerberg seeks to reorganize teams and reduce the social media company’s headcount
  • The company’s cost cuts and hiring freeze reflect that advertising revenue growth is slowing at Meta.
  • Price Action: META shares traded lower by 0.58% at $129.53 premarket on the last check Friday.
  • Photo by Chetraruc from Pixabay

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