“Financial Times” said that Meta is planning a new round of layoffs. The report quoted two people familiar with the matter, saying that the company’s budget and future staffing are extremely unclear. It is estimated that the layoffs will occur around March, and it is unknown at this stage Employees are affected. The report mentioned that the project could not be promoted because of the uncertain factors, because the managers could not make future plans, and some budgets that were originally scheduled to be implemented by the end of the year have not yet been approved.
The more serious situation is that in the past, it only took a few days for high-level decisions to be made, and some of them had to wait for a month. When the financial report was released earlier this month, Meta CEO Zuckerberg stated that the company is planning to tighten expenses, and promised that this year will be an “effective year” and will be more aggressive in reducing lesser and lower-performing positions. Zuckerberg also mentioned that the corporate structure will be compressed and some middle management will be removed to speed up the decision-making process.
Meta has laid off 11,000 people in November last year, equivalent to 13% of its global employees. This is the largest layoff action in Meta’s history, and multiple departments have been affected, among which the recruitment and sales departments have been most affected. At the time Meta said the hiring pause would last until early 2023, barring a few exceptions. Although Meta did not respond to the report, it announced yesterday that its 13-year business director, Marne Levine, had left her post. She was once Instagram’s chief operating officer and Facebook’s vice president of global public policy.
Source of information and pictures:techcrunch
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