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Meta Abandons Durham Office, Shifts Focus to AI
Metas Durham Office Closure: A Shift in FocusMeta, the parent company of Facebook and Instagram, has decided not to renew its office lease in downtown Durham, North Carolina. Originally intended for around one hundred engineers, the space at the American Tobacco Campus is now vacant. This move comes as Meta considers significant cuts to its Reality Labs division, which has reportedly lost billions. Despite this setback, Durhams economic growth continues with new businesses like Avalara, Dollar Shave Club, Boston Consulting Group, and Plaid establishing offices in the city.
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Published on 1 week, 3 days ago