Rajiv Aggarwal, the previous public coverage head of Meta Platform Inc. for India, is ready to hitch Samsung Electronics Co.’s native unit, taking over related obligations on the South Korean firm, reported Bloomberg quoting individuals acquainted with the matter.
This comes a day after Fb’s dad or mum firm Meta introduced that Mr Aggarwal had stepped down from his submit together with WhatsApp India head Abhijit Bose.
Based on the report, Mr Aggarwal’s new place at Samsung includes liaising and lobbying with authorities officers on home coverage issues. He’ll take cost in December, a supply stated on the situation of anonymity as Samsung hasn’t publicly introduced the appointment of Mr Aggarwal but.
Rajiv Aggarwal earlier served as the top of South Asia coverage at Uber Applied sciences Inc.
Only a week in the past, Meta introduced that it lowered the scale of its group by about 13%, shedding greater than 11,000 workers. The social media big has been battling excessive prices and witnessing a weak promoting market.
In a message to its workers, Chief Govt Mark Zuckerberg stated, “We’re additionally taking a lot of further steps to change into a leaner and extra environment friendly firm by reducing discretionary spending and lengthening our hiring freeze by means of Q1.”
Mr Zuckerberg additionally stated that Meta will probably be paying “16 weeks of base pay plus two further weeks for yearly of service, with no cap” to the workers laid off.
Meta additionally confirmed that each Rajiv Aggarwal and Ajit Mohan had stop. Meta’s India head, Ajit Mohan, had additionally resigned earlier than the layoff to hitch rival social media platform Snap. “Ajit has determined to step down from his position at Meta to pursue one other alternative exterior of the corporate,” the Vice President of World Enterprise Group at Meta, Nicola Mendelsohn, stated in a assertion.
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