By Investing.com– Facebook owner Meta Platforms Inc (NASDAQ:META) has begun laying off employees in several departments, most notably WhatsApp, Instagram, and Reality Labs, the Verge reported on Wednesday, while some employees also said they had been axed.
The cuts appeared to be part of an internal reorganization of teams, and not a company-wide headcount reduction, the Verge report said, after Meta cut over 20,000 roles in the past two years.
Some Meta employees also posted on social media regarding the headcount reductions.
The latest round of job cuts come after Meta cut some roles in its Reality Labs division earlier this year.
That was preceded by cuts of over 10,000 roles in 2023 and about 11,000 roles in 2022, as the company dialed down its post-COVID growth prospects.
