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Meta Implements Job Cuts to Streamline Operations
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Meta is currently undergoing another round of job cuts, impacting various roles and teams within the company. The changes are spread across different teams, with approximately 100 roles being made redundant. Among those affected is reverse engineering legend Jane Manchun Wong.
Last year, Meta cut around 20,000 roles as part of its “Year of Efficiency” initiative. Despite the job cuts, Meta’s financial performance remains strong, with $134 billion in revenue generated in 2023. The company is focused on maximizing efficiency and rationalizing costs to align with modern market requirements.
While the latest cuts show Meta’s commitment to improving its bottom line performance, the company continues to invest heavily in its VR development, despite facing significant costs and limited returns thus far.
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