Meta's New Reality: Record High Profits. Record Low Morale

Next week, Meta is cutting about 10 percent of its staff. WIRED spoke with more than a dozen current and former employees about what it's like inside a company where everyone is unhappy. As Meta employees brace for layoffs next Wednesday, May 20, many say the vibes are horrifically, historically low. "Everyone is unhappy; the only people who are not unhappy are, literally, executives," says an employee who works on Instagram. The social media giant plans to cut about 10 percent of its workforce, or nearly 8,000 people, "to run the company more efficiently" and "offset the other investments" it's making, according to a human resources leader .