Meta Ousts Key Product Design Official As Part Of Its Restructuring

Meta Platforms Inc (NASDAQ: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.
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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.
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