Meta has officially begun its latest round of layoffs, cutting approximately 5% of its workforce. This move, affecting around 3,700 employees, was confirmed to The Register today. CEO Mark Zuckerberg had previously hinted at these layoffs in a leaked memo, emphasizing the need to “move out low-performers faster” and strengthen performance management.
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The social media giant currently employs over 74,000 people, according to its recently filed 2024 annual report. These workforce reductions mark another chapter in Meta’s ongoing restructuring efforts, which have seen thousands of job cuts since 2022.
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Meta Prioritizes AI Spending While Reducing Workforce
Zuckerberg has described 2025 as an “intense year” for Meta, underscoring the company’s commitment to investing heavily in artificial intelligence. The company plans to allocate $60 billion toward AI development, focusing on hiring machine learning engineers and advancing AI-driven technologies.
Despite previous heavy investments in virtual reality, Meta is now shifting some of its focus to smart glasses, another frontier in tech innovation. However, with such large expenditures on AI, cost-cutting measures—including layoffs—seem inevitable.
Meta’s Relationship with Trump Sparks Speculation
Meta’s decision to eliminate fact-checking in the U.S. coincided with Donald Trump’s return to the White House. While the company insists these decisions are unrelated, speculation persists about Meta’s shifting priorities under Trump’s administration.
Trump has previously criticized Zuckerberg, accusing him of political bias. In his book Save America, published in September, Trump claimed Zuckerberg “steered [Facebook] against me” while pretending to be supportive. He warned that any future wrongdoing would lead to severe legal consequences.
In July 2024, Trump also took to Truth Social to issue a stern warning: “We already know who you are. DON’T DO IT ZUCKERBERGS.” The former president has promised to pursue election fraudsters at unprecedented levels, fueling concerns about how tech companies will navigate his administration.
Meta’s Financial Strength and Investor Reactions
Despite the job cuts, Meta remains highly profitable. The company reported a net profit of $62.36 billion in 2024, marking a 59% increase year-over-year. Revenue also surged 22% to $164.5 billion, reinforcing Meta’s dominant position in the tech industry.
Investors have historically responded positively to Meta’s layoffs. Following the pandemic, the company cut 11,000 jobs in late 2022 and another 10,000 in 2023, moves that were well-received on Wall Street. Today’s layoffs are expected to follow the same trend, as Meta continues to optimize costs while prioritizing AI and emerging technologies.
These latest job reductions apply only to employees who have been at Meta long enough to undergo a performance review, highlighting the company’s intensified focus on efficiency and restructuring for long-term growth.
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