Meta's 'year of efficiency' is reportedly kicking off with some employees paid to do 'zero work,' as obscurity about budgets hamper workflow planning
There's been a lack of clarity about some budgets — which would typically get finalized by the end of the year — and future head count in recent weeks. Hence, projects and decisions that typically take days to sign off are taking up to a month, the Meta staffers told the FT.
That has caused some staff to do"zero work" because managers have not been able to plan their schedules. "Honestly, it's still a mess," one employee told the FT, adding: "The year of efficiency is kicking off with a bunch of people getting paid to do nothing." Meta did not immediately respond to Insider's request for comment sent outside regular business hours.Meta's belt-tightening measures follow CEO Mark Zuckerberg'sHe is not alone. The tech sector has been embroiled in sweeping layoffs that have so far impacted over 101,000 employees at 340 tech companies in 2023, according to theAnd even news of further job cuts at the tech giant has not come as a surprise.
Meta signaled in its fourth-quarter earnings release on February 1 that it's likely to conduct further lay-offs. And jittery Meta staff have been bracing for another round of job cuts even before the earnings call,
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