It’s no secret that Facebook has been under fire recently. 🔥 🚨 To add to the bad press, the tech giant’s CTO, Mike Schroepfer, announced that he would step down from his position next year.
Schroepfer wrote that “This is a difficult decision because of how much I love Facebook and how excited I am about the future we are building together.” Schroepfer shared (on his Facebook profile, the irony 😅) that he will be spending more time with his family and participating in philanthropy. He says will return to the company part-time in 2022. 🤔
The company promoted the company’s head of hardware, Andrew (“Boz”) Bosworth, to become Facebook’s new CTO. Bosworth is a former Harvard professor and his promotion will likely advance Facebook’s growing interest in hardware (Smart Ray Bans, video calling, and virtual reality). A leaked memo from a 2020 Facebook company meeting quotes Bosworth’s view on social media use:
“While Facebook may not be nicotine I think it is probably like sugar. Sugar is delicious and for most of us there is a special place for it in our lives. But like all things it benefits from moderation.”
Apparently, Facebook’s staff has mixed feelings about Bosworth. Facebook declined to comment on the staffing switcheroo. $FB closed +0.80%.