[Asia Economy Reporter Yujin Cho] A domino effect of resignations among senior executives continues at Meta, the parent company of Facebook, the world's largest social media platform, including the head of the Messenger division leaving the company. It is reported that eight senior executives have left the company so far this year.
On the 7th (local time), CNBC, a U.S. economic media outlet, reported that Stan Chudnovsky, head of Meta's Facebook Messenger division, suddenly announced his intention to resign.
Chudnovsky said, "I love this company and this team. As a result, making this decision has become one of the hardest decisions of my life," but he did not mention the reason for his decision to leave. However, he added that he would remain with the company until the second quarter of next year.
Chudnovsky's resignation announcement came just one week after David Marcus, the head of cryptocurrency development who moved from PayPal to Meta, announced he would leave the company at the end of this year. They are also very close personally, and Chudnovsky took over the Facebook Messenger duties from Marcus in May 2018.
Meta is facing its biggest crisis since its founding due to a whistleblower who was a product manager at Facebook, and is under investigation by the U.S. federal government.
It was revealed that Meta operated a whitelist called XCheck in its censorship policy on provocative content such as violence and incitement, protecting posts by politicians, sports stars, journalists, and other celebrities more than those of regular users, which severely damaged its credibility.
At that time, the whitelist included about 5.8 million people as of the end of last year, including former President Donald Trump, Meta CEO Mark Zuckerberg, Senator Elizabeth Warren, and Black conservative YouTuber Candace Owens, spreading controversy.
Amid internal strife and regulatory pressure, Meta has experienced a wave of resignations among senior executives across all divisions this year, including Messenger, online marketplace, advertising, technology, and finance.
Deborah Liu, who was head of Facebook Marketplace, the online marketplace, left the company in February this year to become CEO of Ancestry.com, and in March, Chief Revenue Officer David Fischer and Kevin Weil, founder of Facebook's own cryptocurrency project Diem, also left.
Caroline Everson, head of advertising, declared her resignation in June and later moved to become president of the grocery delivery app Instacart. In August, Chief Creative Officer (CCO) Mark D'Arcy stepped down, and in September, Chief Technology Officer (CTO) Mike Schroepfer announced he would leave his position next year.
Julien Codorniou, head of corporate communication software for Meta's enterprise collaboration tool 'Workplace,' revealed that he left Meta to move into venture capital.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
