Meta trims workforce by 5%, aims to rehire for strategic roles

Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp, announced plans to reduce its workforce by 5%, targeting employees deemed "lowest performers." The move, confirmed by a company spokesperson, forms part of a broader effort to optimize operations and raise performance standards. Notably, the company plans to refill the affected positions later this year.

The announcement follows CEO Mark Zuckerberg's ongoing emphasis on driving efficiency and performance. He has cautioned employees about the potential for additional workforce reductions in the future as the company aims to "raise the bar" in talent management. As of late September, Meta employed more than 72,000 people globally.

Meta has been undergoing significant restructuring since 2022, including large-scale layoffs that saw 11,000 employees let go. This trend continued into 2023, when the company eliminated an additional 10,000 positions as part of what Zuckerberg called the "Year of Efficiency." These efforts reflect a strategic pivot toward prioritizing high-impact initiatives, with a particular focus on artificial intelligence (AI).

Like other tech giants, including Cisco and IBM, Meta has been redirecting resources toward developing AI technologies. The company has made substantial investments in AI infrastructure, which is expected to drive increased expenses this year. This focus aligns with industry trends as businesses strive to harness the potential of AI for competitive advantage.

While trimming its workforce, Meta continues to expand its ambitions in critical areas. The planned rehiring for affected roles underscores its intention to remain agile and maintain momentum in high-growth sectors. However, these moves come amidst broader challenges, including content moderation and adapting to shifting political and societal landscapes.

Recently, Meta discontinued its U.S. fact-checking program and eased restrictions on certain sensitive topics, such as immigration and gender identity, following criticism from conservative groups. These changes highlight the complex pressures the company faces as it navigates its role as a global tech leader.