Meta Lobbying Spending Dips as Tech Company Job Cuts Surge

Meta Platforms Inc.’s spending on lobbying decreased by about $1 million during the final three months of 2022 compared to the previous quarter, according to filings posted on Friday.

Meta, which owns Facebook, spent $3.65 million on lobbying during the fourth quarter of 2022, a significant decrease from the $4.72 million in the previous quarter.

The drop comes as Meta works to cut costs across the company, which expanded dramatically during the coronavirus pandemic. When Meta announced 11,000 layoffs last November, Chief Executive Officer Mark Zuckerberg said he had wrongly assumed the pandemic revenue gains would endure.

Mark Zuckerberg

Photographer: David Paul Morris/Bloomberg

Zuckerberg ...