Location: Peninsula, California.
Based on news reporting.
Meta Platforms, Inc. has laid off 102 employees in its Peninsula location as part of a strategic shift in investment focus from the metaverse to wearables. This decision reflects the company's ongoing adjustments in response to market demands and operational priorities. The layoffs are part of a broader trend within the tech industry as companies reassess their workforce and project future growth areas. The affected positions were primarily in roles that supported the metaverse initiatives, which are being deprioritized in favor of wearable technology development. This move underscores Meta's commitment to adapting its business strategy in a rapidly changing technological landscape.
Meta Platforms, Inc. cut 102 jobs as of October 1, 2023.
That is roughly 0.1% of the 72,404 people Meta Platforms, Inc. employs.
LayoffTalk has tracked 100 layoff events at Meta Platforms, Inc. since October 2023, affecting a combined 83,395 employees.
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