- Meta's chief business officer Marne Levine is leaving the company, according to a post on Meta's site.
- Levine will step down later this month and remain as a Meta employee until the summer.
- Mark Zuckerberg declared 2023 the "year of efficiency," suggesting another round of layoffs.
Meta Chief Business Officer Marne Levine announced Monday she was stepping down from her role after 13 years at the company, according to a post on Meta's website.
Levine stepped into the role in 2021 where she's overseen the company's advertising and business partnerships. She started at Meta in 2010, circling through various executive roles over the years, and has a background in public policy.
Levine has also been known as a longtime confidant of Sheryl Sandberg, who stepped down from her role as Meta's chief operating officer in 2022.
Levine's role will be split between her successor, Nicola Mendelsohn and Justin Osofsky, according to Meta's post. Mendelsohn will take the title of Head of Global Business Group, where she'll oversee global partnership and engineering, while Osofsky will now be Head of Online Sales, Operations and Partnerships, where he'll oversee sales and operations geared at growing small- and medium-sized businesses across Meta platforms, the post noted.
Both Mendelsohn and Osofsky have also held executive roles at the company for years and will report to Meta's Chief Operating Officer Javier Olivan in their new titles, the post noted.
Levine will remain in her title until February 21, and remain as an employee at the company through the summer, to ensure a "seamless transition" to Mendelsohn and Justin Osofsky, the post noted.
"This new structure continues to bring our business and product teams closer together," the post noted.
The changes are noteworthy in light of announcements that Meta CEO Mark Zuckerberg made in the company's fourth quarter earnings release in January. Zuckerberg noted that the company's management theme for 2023 would be the "year of efficiency," and added, "we're focused on becoming a stronger and more nimble organization.
In a call after the earnings were released, Zuckerberg noted that the company was "removing some layers of middle management." The company has also reportedly delayed setting budgets for some teams as it prepares for another round of layoffs.
In November, Meta said it was laying off 13% of its workforce, or 11,000 employees.
Meta declined to comment.