Meta to Cut 10% of Staff Amid Record Profits and Low Morale

Meta is set to lay off approximately 10 percent of its workforce next week, according to a report by WIRED. The company, which owns Facebook, Instagram, and WhatsApp, has been experiencing record high profits alongside record low employee morale. WIRED interviewed over a dozen current and former employees who described an internal atmosphere where 'everyone is unhappy.' The layoffs come as Meta continues to invest heavily in artificial intelligence and the metaverse under CEO Mark Zuckerberg's leadership. The cuts are part of a broader trend in the tech industry, where companies are streamlining operations after rapid hiring during the pandemic. Employees expressed concerns about job security, shifting priorities, and a perceived disconnect between the company's financial success and its treatment of staff.