Meta Is Closing One New York Office With Cutbacks Looming

Meta Platforms Inc. is planning to close one of its offices in New York after scaling down its expansion plans in the city, according to people familiar with the matter.

The company is exercising its option to terminate its lease at 225 Park Ave. South in Manhattan, said the people, who asked not to be identified because the information was private.

Meta has been consolidating its New York workforce, building out offices in Hudson Yards and moving ahead with plans for the Farley Building near Pennsylvania Station. The company has been dialing back some of its growth plans in the ...