Meta CEO Mark Zuckerberg’s “year of efficiency” has reportedly gotten off to a rocky start as staffers at Facebook’s parent company say that plans to cut...
Meta CEO Mark Zuckerberg’s “year of efficiency” has reportedly gotten off to a rocky start as staffers at Facebook’s parent company say that plans to cut costs and lay off more workers have left teams “demoralized.”
Managers at Meta META have expressed growing frustration over the uncertainty that has permeated the firm’s Menlo Park, Calif., headquarters in recent weeks as senior management has delayed approval of necessary budgets — disrupting the normal workflow, according to the news site Financial Times. Staffers told FT that “zero work” is getting done and that decisions that normally took days to approve now take weeks or months, including in some of the company’s key sectors such as the metaverse and advertising.In November, Meta shed around 13% of its global workforce of around 87,000 employees — giving pink slips to more than 11,000 workers.
Zuckerberg also cited the difficult macroeconomic environment that has also hamstrung other tech giants that laid off thousands, including Google GOOG , Amazon AMZN , Twitter, Microsoft MSFT , Salesforce CRM , Spotify SPOT and others.
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