Around 100 Meta employees were laid off as part of a shift towards a corporate culture focused on "efficiency" and reallocation of resources. This marks the third round of layoffs in 2023.
Meta's CEO Mark Zuckerberg emphasizes that 2023's "Year of Efficiency" will become a lasting part of the company's operational strategy as layoffs and reorganizations continue to take place.
The recent layoffs primarily impacted teams in Instagram, Facebook, and Reality Labs, mostly affecting software engineers and monetization roles. Advance notice was provided to many affected employees.
Earlier this week, Meta faced separate disciplinary layoffs involving 20 employees for improper use of GrubHub credits meant for office meals, indicating broader issues within the company's workforce management.
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