Also, according to a company spokesperson who stated for The Verge, some Meta teams made changes to ensure complete alignment with the long-term goals and also with the location strategy.
“Today, a few teams at Meta are making changes to ensure resources are aligned with their long-term strategic goals and location strategy,”.
So, this person confirmed that some people may experience moving from one team to another or moving to a different role.
“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.”
in Earlier this year, the Reality Labs division also faced a small series of Meta layoffs. In 2022, Meta initially laid off 11,000 employees due to overconfidence in the post-pandemic growth of the company. After that, in 2023, as part of the Mark Zuckerberg “year of efficiency” additional 10,000 more Meta layoffs happened.
The Verge report does not give a specific number of Meta job cuts but it mentioned that it is very small compared with the previous Meta job cuts.
Apart from this report, the Financial Times also made a report and stated that the Meta company has fired about two dozen employees and staff in Los Angeles because they supposedly used their $25 meal credits to buy different household items such as laundry detergents, wine glasses, and other items.
But these Meta job cuts seem to be separate from the recent Meta layoffs 2024, the FT report stated.
In their last second-quarter earnings reports, the Meta company exceeded the market expectations for their revenue. The company also offered an optimistic sales perspective for the next quarter, indicating that the strong digital ad spending across their social media platforms can compensate for the costs of their AI investments.
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