Despite posting significant revenue in the 2021-22 financial year, Open did not cross the Rs 50 crore revenue mark and its losses widened to Rs 167 crore from Rs 65.6 crore during the period
The move comes as part of Meta's "Year of Efficiency" strategy, which includes restructuring teams, cancelling lower priority projects and reducing hiring rates to flatten the organisation
The delay comes due to the company's changing plans around remote work and recent layoffs. However, the company remains committed to the Arlington region and plans to move forward with pre-construction work later this year
