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Meta Reportedly in Another Round of Layoffs

Elizabeth Greenberg

,

meta layoffs
Though details appear murky, the current round of layoffs appear to be the result of team restructuring rather than a company-wide cull. 

Meta is laying off workers across its various platforms and ventures, including Instagram, WhatsApp, and Reality labs, according to reports from the Verge.

According to the report, which did not specify the number of jobs to be affected, the smaller rounds of cuts have to do with team realignment rather than a company-wide cull.

As former employees post to social media exposing their redundancies, Meta has said that it is all part of restructuring.

“Today, a few teams at Meta are making changes to ensure resources are aligned with their long-term strategic goals and location strategy,” a Meta spokesperson shared with The Verge and Reuters.

“This includes moving some teams to different locations, and moving some employees to different roles. In situations like this when a role is eliminated, we work hard to find other opportunities for impacted employees.”

While it is currently difficult to tell the extent of these current layoffs, they are certainly on trend for Meta, which cut jobs at Reality Labs just earlier this year.

The layoffs follow Mark Zuckerberg’s year of efficiency in 2023, in which his company cut 10,000 workers.


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This added to the 11,000 workers Meta cut in 2022 after they failed to meet their growth goals following the winddown of the pandemic.

While it is unrelated to the current spate of redundancies, Meta also fired 24 staff in its Los Angeles location, allegedly for using their daily meal credits to purchase household items, a report from the Financial Times alleged.

The company appears to be performing well, as their shares surged by 60% in 2024. Its second quarter results showed a revenue that beat market expectations, with its successful digital-advertising market pulling enough weight to balance out its AI spend.

The trend of big tech laying off workers appears to be going nowhere, as 2024 layoffs may exceed 200,000 workers.

While layoffs may be shaking up the tech world, workers themselves continue to question if their current roles are right for them, as half of UK tech workers consider leaving their jobs, citing pay, culture, and career progression as determining factors.

Elizabeth Greenberg

Staff Writer

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