Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    IShowSpeed Daniel La Belle race
    Videos

    IShowSpeed Beats Daniel La Belle in 40-Meter Race, Hits 41M Subscribers

    June 24, 2025 2 Min Read
    Cardi B new single Outside
    Videos

    Cardi B’s ‘Outside’ Single Sparks Buzz Over Offset and Stefon Diggs

    June 20, 2025 2 Min Read
    Squid Game Season 3
    Videos

    Squid Game Season 3: Final Trailer Unveils Epic Plot

    June 14, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Meta Implements Strategic Layoffs Across Instagram, WhatsApp
PhotoNews Pakistan PhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
Mark Zuckerberg Meta Antitrust Trial
PhotoNews Pakistan > Tech > Meta Implements Strategic Layoffs Across Instagram, WhatsApp
Tech

Meta Implements Strategic Layoffs Across Instagram, WhatsApp

Web Desk
By Web Desk Published October 17, 2024 2 Min Read
Share
Meta's CEO Mark Zuckerberg Photo Credits: Imago Images
SHARE

Meta is implementing layoffs across various units, including Instagram, WhatsApp, and Reality Labs, as The Verge reported on Wednesday, based on sources familiar with the matter.

A spokesperson from Meta explained to Reuters that the company is adjusting its team structures to better align with its strategic long-term goals and location strategies. “This includes relocating some teams and reassigning roles to some employees, and in cases where roles are eliminated, we strive to find alternative opportunities for those affected,” the spokesperson stated.

While The Verge’s report did not disclose the specific number of job cuts, it noted that the reductions were minor. Meta has refrained from commenting on the exact figures.

Meta is laying off employees at WhatsApp, Instagram, and more https://t.co/D2WhqDeAXr

— The Verge (@verge) October 16, 2024

In a separate incident, the Financial Times reported that Meta terminated approximately two dozen employees in Los Angeles. These staff members allegedly misused their daily $25 meal credits to purchase personal items like acne pads, wine glasses, and laundry detergent.

According to the FT, these firings occurred last week and were unrelated to the broader restructuring efforts. Meta has not provided comments on this report.

layoffs hitting Meta again across various teams this week. this time, they seem targeted and related to various reorgs versus the big, companywide cuts before https://t.co/totv4BVz7g

— Alex Heath (@alexeheath) October 16, 2024

Since November 2022, Meta has reduced its workforce by approximately 21,000 positions in an effort to decrease operational costs. CEO Mark Zuckerberg has dubbed 2023 the “Year of Efficiency.” Meta’s stock has risen significantly by more than 60% this year.

Following its latest quarterly earnings, Meta reported revenues that exceeded market forecasts and provided a positive sales outlook for the next quarter. This performance suggests that strong digital advertising revenue on its platforms sufficiently covers the investments in artificial intelligence.

TAGGED:Featured
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

HBL Saving Made Easy
HBL Saving Made Easy

Recent Posts

Pakistan Salary Increase 2025

Pakistan Announces 10% Federal Salary Hike, 30% DRA in 2025 Budget

Pakpattan Infant Deaths

Maryam Nawaz Orders Arrests Over Pakpattan Hospital Infant Deaths

Salman Khan Battle of Galwan

Salman Khan Unveils Intense Battle of Galwan First Look

Post Archives

More Popular from Photonews

Imran Khan's Twitter response
Punjab

Lahore Court Reserves Verdict on Shehbaz Sharif’s Defamation Suit Against Imran Khan

2 Min Read
Muhannad al-Lili Gaza
Sports

Palestinian Footballer Muhannad al-Lili Killed in Gaza Airstrike

2 Min Read
Megyn Kelly Jabs at Sydney Sweeney
Entertainment

Megyn Kelly Claims Sydney Sweeney’s Invite to Bezos’ Wedding Was All About Her Breasts

3 Min Read
Sports

Jake Paul Enters WBA Top 15, Eyes Cruiserweight Title After Chávez Jr. Win

Jake Paul solidified his boxing credentials with a unanimous decision victory over Julio César Chávez Jr.,…

July 2, 2025
Sports

LeBron James Faces Fan Backlash Over Orange Purse in France

NBA legend LeBron James sparked controversy on social media when fans spotted him carrying a large…

July 1, 2025
Punjab

Jinnah Institute of Cardiology Not Renamed After Maryam Nawaz

Punjab Senior Minister Marriyum Aurangzeb clarified that the Jinnah Institute of Cardiology (JIC) in Lahore will…

July 2, 2025
Tech

Humanoid Robots Play Football in Beijing: A Glimpse into AI Innovation

In a quirky yet groundbreaking display, humanoid robots took to a football pitch in Beijing on…

June 29, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?