Meta Platforms Phases Out Workplace App, Shifts Focus to AI and Metaverse
May 15, 2024Meta Platforms will discontinue its Workplace app, a business-focused social and productivity tool.
Workplace will remain operational until August 31st, 2025, with read- and export-only access until June 1st, 2026, followed by data deletion.
Meta offers a 50 percent discount on Workplace from September and aids customers transitioning to Zoom's Workvivo.
The discontinuation aligns with Meta's strategic shift to AI and metaverse technologies.
Concerns over rising costs and a post-pandemic slowdown in development influenced the decision to end Workplace.
Meta considered spinning off Workplace but opted for closure to refocus on metaverse and AI investments.
Summary based on 6 sources
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Sources
TechCrunch • May 14, 2024
Read the memo: Meta is shutting down Workplace, cutting back enterprise ambitionsThe Verge • May 14, 2024
Meta will shut down its Teams competitor Workplace next yearYahoo Finance • May 14, 2024
Meta to shut Workplace app to focus on AI, metaverseYahoo Finance • May 14, 2024
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