Meta wants to cut thousands of jobs again
The tech industry doesn’t rest. Because once again, Meta, one of the tech giants, wants to cut thousands of jobs in the workforce. The advertised goal should be more efficiency.
The Facebook group had already announced an enormous wave of layoffs in November. 11,000 employees were laid off – around 13 percent of the entire workforce.
At the time, CEO Mark Zuckerberg described the layoffs as “a last resort” to implement the company’s cost-cutting plans.
However, the “year of efficiency”, as Zuckerberg recently called 2023, is bringing another wave of layoffs. Then How Bloomberg reported with reference to insidersthe group wants to cut thousands of jobs again.
What does the meta workforce expect?
Meta plans to announce thousands more layoffs later this week, according to people familiar with the matter. The company’s goal is to streamline its organization. Entire teams that are considered unnecessary could also be deleted for this purpose.
However, the focus of the renewed wave of layoffs should be on the group’s financial goals. Because first early February Mark Zuckerberg proclaimed the “Year of Efficiency” at Meta.
In order to increase efficiency in 2023, the group also wants to “cancel projects that don’t work or are no longer important”. It is also planned to “remove layers of middle management in order to be able to make decisions more quickly”.
The mood at Meta is nervous
In preparation for the wave of layoffs, the company asked directors and vice presidents to create lists of employees the company could lay off. The group got loud Bloomberg but do not want to comment on the plans.
According to internal circles, the layoffs could be completed as early as next week. Accordingly, it is planned to implement the termination plans before CEO Mark Zuckerberg’s impending parental leave.
Meanwhile, nervousness is spreading among the workforce in Menlo Park, California. In the past, there has been low morale among colleagues.
Also, many in the workforce are concerned that they will not receive their bonuses. These should actually be paid out this month. However, this is questionable if the relevant employees lose their jobs beforehand.
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