According to the Verge, which cited people familiar with the situation, Meta is firing staff members from a variety of divisions, including Instagram, WhatsApp, and Reality Labs.  

In a statement to Reuters, a Meta representative said that some of its teams were adjusting to better fit its geographical strategy and loterm strategic goals. 

This entails relocating certain teams and assigning some workers to different positions. We put a lot of effort into finding new options for affected employees in cases like these where a role is abolished," the representative stated. 

The Verge report stated that the number of job cutbacks was minimal but did not provide a precise figure. Meta refrained from commenting on the figures as well. 

Two dozen more employees were fired by Meta in Los Angeles, according to a separate Financial Times investigation, for allegedly using their daily $25 meal credits to purchase domestic goods like laundry detergent, wine glasses, and acne pads. 

According to the FT report, these layoffs occurred last week and are distinct from the team reorganizations. 

CEO Mark Zuckerberg has referred to 2023 as the "Year of Efficiency" and has cut almost 21,000 people at Meta since November 2022 in order to keep costs down.  

This year, Meta's stock has increased by over 60%. 

Meta recently announced a positive sales estimate for the third quarter and exceeded market forecasts for revenue in the second quarter, indicating that strong digital ad spending on its social media platforms may offset the expense of its artificial intelligence initiatives.