--- description: Facebook's owner is reportedly pushing employees out by reorganizing departments and only giving workers a short time to find new positions title: Meta Said to Be Pushing Workers Out to Cut Costs image: https://static.time.com/v3/assets/bltea6093859af6183b/blt0b55bbc86ce7f769/698a35aae6e84aaa792af4f7/GettyImages-1394271225.jpg?branch=production&width=2400&quality=75&auto=webp&crop=16:9 ---  * [Business](/section/business/) ## Business Update your preferences in [Account Settings](/account/preferences/) Close * [facebook](/tag/facebook/) ## facebook Update your preferences in [Account Settings](/account/preferences/) Close # Facebook Owner Meta Said to Be Pushing Workers Out to Cut Costs ## Video: Facebook Faces New Lawsuit Alleging Human Trafficking and Union-Busting in Kenya [Watch (HLS stream): Facebook Faces New Lawsuit Alleging Human Trafficking and Union-Busting in Kenya](https://cdn.jwplayer.com/manifests/YkrYeJro.m3u8) (1:13)  _Published 2022-05-11. A former Facebook moderator has filed a lawsuit against its parent company, Meta Platforms, alleging forced labor, human trafficking, and union busting in Kenya._ by [Kurt Wagner / Bloomberg](/author/bloomberg/) ## Kurt Wagner / Bloomberg Update your preferences in [Account Settings](/account/preferences/) Close Sep 21, 2022 6:56 PM CUT  A sign is posted in front of Meta headquarters on April 28, 2022 in Menlo Park, California. A sign is posted in front of Meta headquarters on April 28, 2022 in Menlo Park, California.Justin Sullivan/Getty Images by [Kurt Wagner / Bloomberg](/author/bloomberg/) ## Kurt Wagner / Bloomberg Update your preferences in [Account Settings](/account/preferences/) Close Sep 21, 2022 6:56 PM CUT Meta Platforms Inc. is cutting costs by at least 10% in the coming months and will rely more on employee attrition as part of the push, [according to](https://www.wsj.com/articles/meta-and-google-are-cutting-staff-just-dont-mention-layoffs-11663778729 "undefined") the _Wall Street Journal_. The company, which owns Facebook, Instagram and WhatsApp, has avoided outright layoffs. But Meta is pushing more employees out of the company by reorganizing departments and only giving the workers a short time to find new positions, the _Journal_ reported, citing unidentified people familiar with the situation. **Read More:** [_Facebook Owner Meta Is Failing to Prevent Repeat of Jan. 6 in Brazil, Report Warns_](https://time.com/6210985/brazil-facebook-whatsapp-election-disinformation/ "undefined") The report suggests Meta has gotten more aggressive in its efforts to cut costs. Meta has already said it would slow down hiring and reprioritize key projects and initiatives. During its first-quarter earnings call, the company said annual expenses would be roughly $3 billion lower than initially projected, trimming an estimated range that had been as high as $95 billion. The Menlo Park, California-based company didn’t immediately respond to a request for comment. --- ### More from TIME --- Investors initially cheered the cost-cutting news Wednesday. The stock, which had been down as much as 1.5% earlier in the day, rose nearly 1% to session highs. But it later pared the gains and was down 0.1% as of 1:20 p.m in New York. **Read More:** [_Some CEOs Are Cutting Staff Even as the Labor Market Booms_](https://time.com/6204001/jobs-report-ceos-layoffs/ "undefined") Meta also has been cutting down on some long-term hardware projects, including a planned dual-camera Apple Watch competitor. The company has even delayed handing out jobs to its summer interns as a way to reduce costs. Despite the hiring slowdown, Meta reported it had 83,553 full-time employees as of June 30, growth of 32% over the previous year. ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/6215505/meta-workers-cost-cutting/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/6215505/meta-workers-cost-cutting/"},"headline":"Facebook Owner Meta Said to Be Pushing Workers Out to Cut Costs","datePublished":"2022-09-21T18:56:34.000Z","dateModified":"2026-04-13T08:52:48.170Z","description":"Meta is reportedly pushing employees out by reorganizing departments and only giving workers a short time to find new positions","url":"https://time.com/6215505/meta-workers-cost-cutting/","keywords":["facebook","Tech","Companies","wire","biztech2030","bloomberg wire"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blt0b55bbc86ce7f769/698a35aae6e84aaa792af4f7/GettyImages-1394271225.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Kurt Wagner / Bloomberg"}],"articleSection":"Business","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/blt0b55bbc86ce7f769/698a35aae6e84aaa792af4f7/GettyImages-1394271225.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675,"headline":"Facebook Parent Company Meta Reports Strong Quarterly Earnings","caption":"Facebook Parent Company Meta Reports Strong Quarterly Earnings","creditText":"Justin Sullivan/Getty Images","representativeOfPage":true}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/business/","name":"Business"}},{"@type":"ListItem","position":2,"item":{"@id":"/tag/facebook/","name":"facebook"}},{"@type":"ListItem","position":3,"item":{"@id":"https://time.com/6215505/meta-workers-cost-cutting/","name":"Facebook Owner Meta Said to Be Pushing Workers Out to Cut Costs"}}]},{"@context":"https://schema.org","@type":"VideoObject","name":"Facebook Faces New Lawsuit Alleging Human Trafficking and Union-Busting in Kenya","description":"A former Facebook moderator has filed a lawsuit against its parent company, Meta Platforms, alleging forced labor, human trafficking, and union busting in Kenya.","thumbnailUrl":"https://cdn.jwplayer.com/v2/media/YkrYeJro/poster.jpg?width=720","uploadDate":"2022-05-11T18:12:00.000Z","contentUrl":"https://cdn.jwplayer.com/manifests/YkrYeJro.m3u8","embedUrl":"https://time.com/6215505/meta-workers-cost-cutting/","duration":"PT1M13S","potentialAction":{"@type":"SeekToAction","target":"https://time.com/6215505/meta-workers-cost-cutting/?jw_start={seek_to_second_number}","startOffset-input":"required name=seek_to_second_number"}}] ```