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Meta
corporate_fare
Other
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paid
Funding Stage - IPO
person
Layoff Count - 1

Posted on September 21, 2022

Meta Quietly Reduces Staff in Cost-Cutting Push

Meta Quietly Reduces Staff in Cost-Cutting Push

The Menlo Park, Calif., company has begun quietly nudging out a significant number of staffersbyreorganizing departments and giving affected employees a limited window to apply for other roleswithin the company, according to current and former managers familiar with the matter, in a movethat achieves staffing cuts while forestalling the mass issuance of pink slips.The reductions are expected to be a prelude to deeper cuts, according to people informed of the company’s plans. While some savings will come from cuts to overhead and consulting budgets, themuch of it is expected to come from reduced employment.