The multitude of Metaverse reasons Facebook and Instagram execs are relocating to the UK – Insider Intelligence Trends, Forecasts & Statistics

Instagram head Adam Mosseri and the president of global affairs for Facebook’s parent company, Nick Clegg, are relocating to London.

Remote work and the metaverse:

  • CEO Mark Zuckerberg advocated for flexible work arrangements early in the pandemic, predicting that within 10 years, half of the company’s 70,000 workers would be based from home.
  • “The past few years have brought new possibilities around the ways we connect and work,” a company representative told the Financial Times in regards to Clegg’s relocation. “We believe that how people work is far more important than where they work from.”
  • Nearly one in five US adults (19%) work entirely from home, per YouGov; another 31% work from home at least some of the time.

Source: The multitude of reasons Facebook and Instagram execs are relocating to the UK – Insider Intelligence Trends, Forecasts & Statistics