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Meta Warns of Slowing Progress in Diversifying Company

  • Meta reached five-year goals early, now hopes to maintain them
  • Cost cuts and strategy changes may hinder further improvements
Meta Platforms signage outside the company's headquarters in Menlo Park, California.

Meta Platforms signage outside the company's headquarters in Menlo Park, California.

Photographer: Nick Otto/Bloomberg

After hiring more women and minorities in recent years, Meta Platforms Inc. warned that its ongoing efforts to cut costs and revamp products could make further inroads more difficult. 

The company, which owns Facebook, Instagram and WhatsApp, issued a generally upbeat progress report on Tuesday showing that it has increased the diversity of its US workforce in the past year. That includes putting more women and underrepresented minorities in leadership and technical roles. A year ago, Meta reported that the number of women at the company had declined slightly.