Facebook Owner Warns of Slowing Progress in Diversifying Company

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.

In some cases, Meta surpassed five-year goals that it established ...