Meta Loses More Key Officials In India After Its Head Quit To Join Snap

Meta Loses More Key Officials In India After Its Head Quit To Join Snap
  • Meta Platforms, Inc META lost two more senior executives in India, days after country head Ajit Mohan stepped down from his role to pursue another opportunity at rival social media platform Snap Inc SNAP, Bloomberg reported.
  • Abhijit Bose, head of WhatsApp in India, and Rajiv Aggarwal, Meta's public policy director in the country, have resigned. 
  • The resignations come amid India's heightening regulatory challenges.  
  • Also Read: Twitter Guts Key India Workforce By 90% Post Musk Takeover
  • Meta said the latest exits aren't linked to the "recent news cycles" and pledged its commitment to India. 
  • Recently, Meta said it would cut more than 11,000 jobs worldwide, equal to about 13% of its workforce.
  • WhatsApp hired Bose, the co-founder of mobile payments company Ezetap, in 2018, when the messaging platform was trying to set up a payments business. 
  • Aggarwal, a former bureaucrat in the Indian government, joined Meta's India unit in late 2021 after leading public policy for Uber Technologies, Inc UBER in the country for almost two years. 
  • Meta promoted Shivnath Thukral, a former journalist, to replace Aggarwal as the director for public policy in India.
  • Price Action: META shares closed higher by 2.50% at $117.08 on Tuesday.

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