Meta assured affected employees that they would receive 'generous severance' packages. The decision aligns with Zuckerberg’s ongoing 'Year of Efficiency' initiative, which aims to streamline operations and optimise costs.

Meta is cutting jobs as part of its goal to reach 10 per cent “non-regrettable” attribution by the end of the current performance cycle, as per the memo.

The decision, shared in an internal memo by CEO Mark Zuckerberg, focusses on improving overall performance by moving out those not meeting expectations more quickly than before.