Sheryl Sandberg Resigns from Meta: Sheryl Sandberg, who joined Facebook in 2008 and later became one of the most recognized figures in global business for turning the social media platform into a multi-billion dollar advertising powerhouse, is resigning as Chief Operating Officer.
Sheryl recently announced that she would be stepping down as COO after 14 years. She posted this on her own Facebook page and mentioned that she is still unsure what the future holds for her.
Keep reading for more details regarding why Sheryl Sandberg Resigns from Meta.
Who is Sheryl Sandberg? – A Tech Billionaire
Sheryl Sandberg has been serving as the Chief Operating Officer at Facebook ever since 2008, when the platform was launched. In 2012, Sheryl was elected to be part of the Board of Directors, making her the first female.
Before joining Facebook, Sheryl was already into tech as she was the Vice President of Global Online Sales and Operations at Google. She also served as Chief of Staff for the United States Secretary of the Treasury Lawrence Summers.
According to Zuckerberg, Sheryl plays a big role in the success of Facebook, alongside other staff members. Aside from Meta, she is also the founder of LeanIn.Org.
Sandberg was able to work on Facebook on how to create the platform as a way for small business advertising, and it helped increase ad revenue by 21% this 2020.
But why did Sheryl Sandberg Resigns from Meta?
Sheryl Sandberg Resigns from Meta – ‘End of An Era’
The longtime chief operating officer of Facebook is already stepping down from her position.
Mark Zuckerberg, the founder of FB now Meta, recruited a Google Executive named Sheryl Sandberg to join the creation of Facebook because of her relevant industry experience and it was a need for the platform to scale operations globally.
Zuckerberg was only 23 years old, and Sheryl was already 38. Luckily, she accepted and said, “The opportunity to help another young company grow into a global leader is the opportunity of a lifetime.”
Zuckerberg is now the same age when Sheryl joined him, and now Facebook is a global sensation. Last year, Sheryl made almost $120B for Facebook in 2021.
Mark also thank Sheryl for the years she has given Facebook and her service. In a Facebook post, Zuckerberg called the resignation of Sheryl the end of an era and said that Sheryl deserves much credit because of what she has contributed for the platform.
He said, “When Sheryl joined me in 2008, I was only 23 years old, and I barely knew anything about running a company … Sheryl architected our ads business, hired great people, forged our management culture, and taught me how to run a company.”
Although, it can be a tough time for Meta as the news of Sheryl Sandberg Resigns from Meta has come to light. The departure of the COO is likely to add to the disquiet feelings of the employees because of the tumultuous year at the company.
Meta has been struggling to maintain revenue and user growth because of the change in Apple’s privacy changes and the boom of other rival platforms such as Tiktok.
With this, employees are left uneasy and disoriented. According to reports, thousands left the company when it rebranded itself as Meta. It is said that the company has lost $230B in market value after a disappointing earnings report in February, and the company has seen a significant drop in the daily use of Facebook.
The use of Instagram and Tiktok has been more engaging to users which is why these has already become the key platforms for advertising.
According to an officer, “Meta has reached the point where it makes sense for our product and business groups to be more closely integrated, rather than having all the business and operations functions organized separately from our products.”
Although Sheryl Sandberg Resigns from Meta, she will remain part of the board to help out the company.
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