Meta is initiating layoffs across various departments, including Instagram, WhatsApp, and Reality Labs, as part of a strategic realignment. Additionally, around two dozen employees in Los Angeles were let go for misusing meal credits. These moves are part of a larger cost-cutting strategy spearheaded by CEO Mark Zuckerberg.

A report from The Verge on Wednesday detailed Meta's workforce reductions across several sectors. A company spokesperson confirmed to Reuters that some teams are being restructured to better align with long-term strategic goals and location plans.

This involves moving specific teams and shifting some employees into new positions. When positions are eliminated, we make efforts to find alternative opportunities for those affected," the spokesperson stated.

The Verge did not specify the exact number of layoffs but suggested that they were minor in scale. Additionally, Meta did not offer any further details regarding the figures.

In another report, the Financial Times revealed that Meta terminated another two dozen employees in Los Angeles for allegedly using their daily $25 meal credits to purchase non-food items, such as acne pads, wine glasses, and laundry detergent.

According to a report from the Financial Times, these layoffs occurred last week and were not part of the team restructuring. Meta chose not to provide any comments on the situation.

Since November 2022, Meta has reduced its workforce by approximately 21,000 jobs in an effort to cut expenses, with Zuckerberg labeling 2023 as the "Year of Efficiency." Despite these layoffs, Meta's stock has risen by over 60% this year.

In its latest second-quarter report, Meta surpassed market expectations for revenue and provided an optimistic sales outlook for the third quarter. This indicates that strong digital advertising spending on its social media platforms is aiding in balancing the costs linked to its investments in artificial intelligence.