Meta could again lead a campaign of layoffs within its workforce.
The social media giant had already laid off several thousand of its employees last year, an unprecedented movement during its 18 years of activity. Meta had announced that 2023 would be marked by rationalization, after several years of exuberance in spending and recruitment.
Layoffs again?
The tech world is dealing with the backlash of humanity’s return to reality, which had shifted to over-virtualization during the COVID episode. This change in the socio-economic situation resulted at the end of last year in mass layoffs within behemoths such as Google, Amazon, or of course Meta.
Mark Zuckerberg’s group then cut some 11,000 jobs, an exceptional operation in its ranks. But the business might not stop there. According to information from washington postMeta would consider laying off several thousand employees again this year, while management had promised not to touch the workforce after the previous wave of dismissals.
Other reorganizations on the program
Remember, Mark Zuckerberg had promised to ” efficiency when announcing the firm’s latest quarterly results. Efficiency in particular compared to the previous period and all-out investments in areas such as the metaverse.
Meta could thus eliminate projects and jobs that it considers too expensive. Another important measure is that many managers will be “demoted” in order to reduce the layers of intermediaries between top management and employees. Other managers will have to gradually take charge of larger teams.
Will this then be the end of the reorganization efforts of the Menlo Park firm? Not sure. In a discussion during this month of February with investors, Mark Zuckerberg evoked the restructurings started. He then said: When we did, I made it clear that it was the beginning of our focus on efficiency, not the end. ” A promise ?
Sources: washington post, Reuters
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