Meta is laying off employees in various areas, including Instagram, WhatsApp and Reality Labs, The Verge reported on Wednesday, citing people familiar with the matter.
A Meta spokesman told Reuters in a statement that some of its teams are making changes to align with long-term strategic goals and site strategy.
“This includes moving some teams to other locations and reassigning some employees to other roles. In such situations where a role is eliminated, we work hard to find other opportunities for the affected employees,” the spokesperson said.
The Verge’s report did not reveal the exact number of job cuts, but noted that it was a small number. Meta also did not comment on the numbers.
Separately, the Financial Times reported that Meta fired another two dozen employees in Los Angeles for allegedly using their $25 daily meal credits to instead buy household items such as acne pads, wine glasses and laundry detergent.
These layoffs are separate from the team restructuring and took place last week, the FT report said.
Meta declined to comment on the FT report.
Meta has cut around 21,000 jobs since November 2022 to keep costs down. CEO Mark Zuckerberg called 2023 a “year of efficiency.”
Meta’s shares are up more than 60% this year.
In its most recent second-quarter results, Meta beat market expectations for revenue and provided rosy third-quarter revenue guidance, suggesting that robust digital advertising spending on its social media platforms is underpinning the cost of its investments in artificial media Intelligence can cover.
