Meta's "Year of Efficiency" Continues As The Company Launched Another Layoff Across Multiple Team
Meta made adjustments to multiple business teams on Wednesday, stating that it will reallocate resources within the company.
In an email statement, a Meta spokesperson emphasized that some teams at Meta are being restructured to ensure that resources align with the company's long-term strategic goals and strategies. This includes transferring some teams to different locations and reallocating some employees to different positions. When positions have to be eliminated, Meta is also looking for other opportunities for employees.
It is reported that the teams affected by this round may include Reality Labs, Instagram, and WhatsApp. According to a Meta spokesperson, the Threads, recruitment, and legal operations teams were not affected by the layoffs, but they refused to disclose the specific scale of the layoffs, only revealing that the scale was not large.
This is not the first time Meta has laid off employees in recent years. In 2022, Meta laid off about 13% of its employees or 11,000 people; in 2023, Meta laid off another 10,000 employees and froze 5,000 pending positions.
Meta CEO Zuckerberg's Year of Efficiency has passed year after year. Since 2022, in pursuit of cost reduction, Meta has had to lay off a large number of employees. This has also been welcomed by the capital market, with Meta's stock price having risen by 66% so far this year.
Meta's financial performance in the past two quarters has also been quite good, with the company's revenue in Q1 reaching $36.46 billion, a year-on-year increase of 27%; in Q2, its revenue climbed again to $39.07 billion, a year-on-year increase of 22%, and the revenue for both quarters exceeded Wall Street forecasts.
The company also predicts that its digital advertising revenue in the third quarter will be very optimistic, covering Meta's investment in artificial intelligence, which has also filled the US stock market with anticipation.
As part of Meta's artificial intelligence advancement plan, the company recently launched the Llama 3.2 artificial intelligence model. This model includes vision models with 11 billion and 9 billion parameters, as well as lightweight pure text models with 1 billion and 3 billion parameters, aimed at running efficiently on edge and mobile devices.
The emergence of the LIama model also highlights Meta's ambition and ability to compete with competitors such as OpenAI and Google in artificial intelligence.