Meta Platforms is preparing for a new round of job cuts, targeting several departments in the company and around the world, as part of efforts to reorganize the company and reduce the size of its activity, which could affect thousands of workers, according to the Washington Post.
The company is considering further cuts, including cutting back on some projects and jobs, after it cut 13 percent of its workforce in November during its first major layoff, the newspaper quoted unidentified people familiar with the plans as saying.
Meta Platforms plans to lay off thousands of employees
Bloomberg previously reported that Mita is undertaking a process known internally as “flattening the management structure,” asking many of its executives to either be personally involved in doing the work or leave the company as it attempts to become more efficient.
Meta CEO Mark Zuckerberg made clear in the company’s earnings report this month that he still felt the organization was too slow and bloated. Zuckerberg called 2023 the “year of efficiency” and pledged to lay off mid-level managers and underperforming projects. Since the first round of job cuts, many of the company’s employees have worried that more cuts could be made.
