Oct 16 (Reuters) - Meta is laying off employees
across units including Instagram, WhatsApp and Reality Labs, the
Verge reported on Wednesday, citing people familiar with the
matter.
A Meta spokesperson told Reuters in a statement that a few
of its teams were making changes to align with their long-term
strategic goals and location strategy.
"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," the spokesperson said.
The Verge report did not specify the exact number of job
cuts but mentioned that they were small. Meta also did not
comment on the numbers.
Separately, the Financial Times reported that Meta fired
another two dozen staff in Los Angeles for allegedly using their
daily $25 meal credits to instead buy household items including
acne pads, wine glasses and laundry detergent.
These terminations are separate from the team restructurings
and took place last week, the FT report said.
Meta declined to comment on the FT report.
Meta has slashed around 21,000 jobs since November 2022 to
keep costs low with CEO Mark Zuckerberg calling 2023 the "Year
of Efficiency".
Meta shares have jumped more than 60% this year.
In its most recent second quarter results, Meta beat market
expectations for revenue and issued a rosy sales forecast for
the third quarter, signaling that robust digital-ad spending on
its social media platforms can cover the cost of its
artificial-intelligence investments.