Meta quietly reduces its staff in cost-cutting push

At Meta historically, it was usually only employees that were deemed undesirable who failed to land new positions. Now, affected employees and managers say, workers with good reputations and strong performance reviews are being pushed out on a regular basis. — Reuters

Meta Platforms Inc is planning to cut expenses by at least 10% in the coming months, in part through staff reductions, as the social-media giant confronts stalling growth and increased competition, according to people familiar with the company's plans.

The Menlo Park, California-based company has begun quietly nudging out a significant number of staffers by reorganising departments and giving affected employees a limited window to apply for other roles within the company, according to current and former managers familiar with the matter, in a move that achieves staffing cuts while forestalling the mass issuance of pink slips.