12:22 PM EDT, 05/14/2024 (MT Newswires) -- Meta Platforms ( META ) plans to shut down its Workplace business communication platform in 2026, TechCrunch reported Tuesday, citing an internal memo and unnamed sources familiar with the matter.

Sources told TechCrunch that the company could announce the move later Tuesday.

According to the report, the memo said the platform will continue operations until Aug. 31, 2025, become read-only until May 2026, and then be completely decommissioned. In the same memo, Meta recommended Zoom Video Communications' ( ZM ) Workvivo platform as a migration-ready alternative to Workplace.

Meta Platforms ( META ) did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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