Facebook Workplace executive departing to join venture capital firm as talent exodus continues

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  • Julian Codorniou, who leads Facebook Workplace, announced on Tuesday that he has left the company to join Felix Capital, a venture firm in London.
  • Codorniou has led the workplace as a vice president since the service’s launch in 2016.
  • He is the latest senior executive to leave Facebook amid a wave of exits this year.

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The head of Facebook’s workplace business software unit has left for venture capital, becoming the latest high-profile departure from the social media company in 2021.

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Workplace’s vice-president in charge, Julian Codorniou, said on Tuesday that he has left Facebook for London-based venture firm Felix Capital. Codorniou has led Workplace since the service’s launch in 2016, joining Facebook five years ago as director of the Platform Partnerships team.

Facebook, now called Meta, has faced a wave of exits this year. The company is facing increased regulatory scrutiny and a major public relations challenge after the release of internal documents and news reports revealing how much Facebook knows about the damage its services may cause.

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Deborah Liu, formerly the head of Facebook Marketplace, went on to become CEO of Ancestry.com in February. David Fischer, who was the chief revenue officer, announced his departure in March, as did Kevin Weil, one of the co-founders of Facebook’s Novi cryptocurrency division.

The company’s former head of advertising, Carolyn Everson, announced she was leaving in June and later moved to grocery delivery app Instacart as president. Facebook app head Fidji Simo became CEO of Instacart after leaving Facebook in July.

Mark D’Arcy resigned from his role as chief creative officer in August, and the following month Facebook’s technology chief Mike Schroepfer said he would leave the company. Last month, Facebook’s head of cryptocurrency efforts David Marcus announced his arrival at the end of the year.

Upon joining Felix Capital as a partner, Codorniou told Businesshala that he would lead the firm’s investments in gaming and enterprise software companies.

“I hope I can move from being an operator at Big Tech to helping and funding the next generation,” he said.

Before joining Facebook, Codorniou spent six years at Microsoft. After 17 years at big tech companies, Codorniou said he’s ready to do something more entrepreneurial.

During the time of Codorniou’s workplace, the product expanded its reach to 7 million paid customers. Codorniou said that now the officer in charge of the business can pursue it.

“They are the kind of people who can go up to 10 times from where we are now,” he said.

Watch: Facebook and Amazon remain two of Mahaney’s top stock picks

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