Meta is reportedly planning a fresh round of layoffs in the “year of efficiency.”
San Francisco (IANS) Meta is reportedly planning a fresh round of layoffs in the “year of efficiency” after firing 11,000 employees in November last year.
According to the Financial Times report, there had been a “lack of clarity about budgets or future headcount in recent weeks.”
As a result, employees have complained that “zero work” is getting done because managers have been unable to plan their upcoming workloads, according to the report.
By the end of the year, the company would typically finalize Certain budgets.
“To be honest, it’s still a mess. The year of efficiency begins with many people paid to do nothing. “According to one of the employees.
Earlier this month, Meta CEO and founder said that he wants 2023 to be the “year of efficiency.”
“I just think we’ve entered somewhat of a phase change for the company,” Zuckerberg said during his quarterly earnings call with analysts.
He stated that global headcount has been steadily increasing for nearly two decades, making it “very difficult to crank on efficiency while you’re growing that fast.”
Zuckerberg stated that he is now focusing on “improving the efficiency of how we make choices” after the layoffs.
Meta CEO reportedly put middle managers at the company on notice.
During a recent all-hands meeting, Meta CEO issued a warning to managers. According to Alex Heath’s Command Line newsletter at The Verge.
The CEO of Meta told them, “I don’t think you want a management system that’s just managers overseeing managers, managing managers, managing managers, and managing the workers.”