**Meta Reportedly Weighs Layoffs Affecting Up To 20% of Workforce**
Reports indicate that Meta Platforms, Inc. is actively considering significant layoffs that could impact as many as 20% of its employees. The potential restructuring comes amidst a challenging period for the tech giant, which has seen declining revenue growth, increased competition, and substantial investment in its metaverse initiatives.
Sources suggest that managers are being asked to identify low-performers, signaling a move towards a more stringent workforce management approach. If implemented, a 20% reduction would represent a substantial shake-up for the company, following earlier, smaller rounds of layoffs and a broader hiring freeze announced in 2022. Meta CEO Mark Zuckerberg previously warned employees that the company would need to “do more with less,” and these reported considerations align with a renewed focus on efficiency and cost reduction across the organization.