Meta is set to announce another round of layoffs on Monday, as revealed in an internal memo seen by sources familiar with the situation. This decision is part of the company’s ongoing efforts to streamline operations and reduce costs in response to a changing digital advertising landscape and increased investments in artificial intelligence.
The memo, shared with senior management, suggests that the layoffs will impact several departments, although the specific number of employees affected is still unclear. In recent years, Meta has implemented multiple workforce reductions, with CEO Mark Zuckerberg previously labeling 2023 as the company’s “year of efficiency.”
These upcoming job cuts are in line with Meta’s broader strategy to focus on AI development and its metaverse goals while enhancing operational efficiency. Industry analysts believe that the layoffs may target non-core projects and underperforming divisions. While Meta has not yet released an official statement about the layoffs, affected employees are expected to be notified early next week. This latest round of job cuts underscores the ongoing challenges in the tech sector as companies deal with economic uncertainty and shifting business priorities.