▶ MARK ZUCKERBERG-LED social media giant Meta, formerly known as Facebook, is going through a tumultuous period globally. It has laid off around 11,000 employees across geographies while also dealing with decreasing investor confidence amid falling revenues and increasing expenditure. In India, while business has been good, with the social media giant reporting $2 billion in gross advertising revenues for FY22 (a jump of 74 per cent year-on-year), it has been hit by some top-level exits.
First, Ajit Mohan, who was Vice President and Managing Director of Meta India, left the company in early November, after close to four years at the helm. A little over a week later, Abhijit Bose, who was Head of India, WhatsApp, also stepped down after a stint of nearly four years. Along with Bose,…