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Meta Layoffs Include Instagram, WhatsApp, Threads, Reality Labs | Entrepreneur

by Brand Post
October 17, 2024
in Business
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Meta Layoffs Include Instagram, WhatsApp, Threads, Reality Labs | Entrepreneur
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Meta is laying off employees across multiple divisions this week, company spokesperson Dave Arnold confirmed to The Verge.

This includes Threads, WhatsApp, Instagram, and Reality Labs.

Related: Meta Fires Employee Making $400,000 Per Year Over a $25 Meal Voucher Issue

“Today, a few teams at Meta are making changes to ensure resources are aligned with their long-term strategic goals and location strategy,” Arnold said. “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.”

Employees have confirmed the news on social media, including Jane Manchun Wong, a former tech journalist who joined Threads in 2023.

Related: Mark Zuckerberg Is Now the World’s Second Richest Person, Behind Elon Musk

In 2022, Meta laid off 11,000 people, around 13% of its workforce. In 2023, CEO Mark Zuckerberg announced a “year of efficiency,” which included more layoffs of around 10,000 people.

In July, Meta reported a $4.5 billion quarterly loss in its Reality Labs division, which runs metaverse and VR projects.

It is not yet known how many employees are affected by Thursday’s layoffs.



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Tags: Business NewsentrepreneurIncludeInstagramLabsLayoffsMetaNews and TrendsRealityThreadsWhatsApp

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