Meta has laid off staff across Instagram, WhatsApp, and Reality Labs to align with long-term goals.
Meta has reportedly begun layoffs across multiple divisions, including Instagram, WhatsApp, and Reality Labs, according to The Verge.
A Meta representative confirmed that adjustments are being made within various teams to align with the company’s long-term strategies and geographic focus. These changes involve relocating certain teams and reassigning some employees. In cases where roles are eliminated, the company aims to help affected employees find new positions within Meta.
Although The Verge did not specify how many employees were impacted, it described the job cuts as relatively small. Meta has not commented on the exact number of layoffs.
The Financial Times reported that Meta recently dismissed about two dozen employees in Los Angeles for misusing their $25 daily meal stipends to purchase personal household items like laundry detergent and wine glasses. These terminations, unrelated to the broader restructuring, occurred last week. Meta declined to comment on the Financial Times report.
Since November 2022, Meta has eliminated approximately 21,000 positions as part of an ongoing effort to reduce expenses. CEO Mark Zuckerberg has dubbed 2023 the "Year of Efficiency." The company’s stock has surged over 60% this year.
In its latest earnings report, Meta exceeded revenue expectations and projected strong third-quarter sales, benefiting from increased digital ad spending, which is helping offset its investments in artificial intelligence.
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