Meta, the parent company of Facebook, Instagram, and WhatsApp, is set to lay off approximately 3,600 employees as part of a workforce restructuring initiative, according to an internal memo obtained by Bloomberg on Tuesday.
The memo revealed that the layoffs will target low-performing staff members across various departments. The company plans to replace the outgoing employees with new hires who align better with its evolving strategic goals and performance expectations.
This move comes as Meta continues to recalibrate its workforce amid challenges in maintaining growth and adapting to market changes. A spokesperson for the company, while declining to confirm specific numbers, stated that Meta remains committed to fostering a high-performance culture and ensuring its workforce is optimized for innovation and efficiency.
Industry analysts suggest that this restructuring is part of Meta’s broader strategy to streamline operations and enhance productivity as it invests heavily in emerging technologies, including artificial intelligence and its ambitious metaverse initiatives.
The decision has drawn mixed reactions, with some employees expressing concerns about job security and workplace morale, while others see it as a necessary step for the company to maintain its competitive edge.
Meta CEO Mark Zuckerberg previously announced that 2023 would be a “year of efficiency” for the company, hinting at possible restructuring measures to ensure long-term sustainability. The company is expected to make further announcements regarding its workforce strategy in the coming weeks.
