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Meta Shuttering Another London Base: Facebook Parent Company Scales Back Again At Its Biggest International Outpost

05.01.2024 - 11:03

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deadline.com

deadline.com:

EXCLUSIVE: Meta, parent company of Facebook, is closing its Frank Gehry-designed London base, Deadline has learned.

It will further reduce the number of offices it occupies in London, where the tech giant has its largest staff presence outside of the U.S.

The news Meta is shuttering its sizable HQ at One Rathbone Square, in the city’s upmarket Fitzrovia district, comes shortly after it paid £149 million ($189 million) to break a long-term lease on another office, close to London’s Regent’s Park.

Meta moved into Rathbone Square in 2017. It has housed marketing and sales teams as well as engineers and developers. It has also been the location for a dedicated incubator space for start-ups.