Meta Lay-offs: Meta has begun laying off employees across various departments, reported ‘The Verge’ citing people familiar with the matter. The affected departments include WhatsApp, Instagram, and Reality Labs, according to the report.
Notably, this is reportedly not a company-wide mass firing. The new round of lay-offs will be a small to coincide with reorganizations of specific teams, reported ‘The Verge’. Some Meta employees even started posting on social media that they’ve been laid off, said the report. The Verge, did not specify the exact number of job cuts.
“Today, a few teams at Meta are making changes to ensure resources are aligned with their long-term strategic goals and location strategy,” a company spokesperson told ‘The Verge’. “This includes moving some teams to different locations, and moving some employees to different roles. In situations like these, when a role is eliminated, we work hard to find other opportunities for impacted employees,” told the spokesperson to ‘Reuters’.
In another case, the Financial Times reported that Meta fired many employees in Los Angeles for allegedly using their daily $25 meal credits to instead buy household items. These terminations were separate from the team re-structuring, the Financial Times report said. However, Meta declined to comment on this report.
Recent Meta Lay-offs
In the move to cut costs, Meta has slashed around 21,000 jobs since November 2022. Meta first laid off 11,000 employees in 2022. This was on the back of overoptimism about the company’s growth coming out of the Covid-19 pandemic. The company then announced 10,000 more job cuts with CEO Mark Zuckerberg calling “year of efficiency” in 2023.
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