Meta Layoffs: Mark Zuckerberg Now Wants 2023 To Be ‘Year of Efficiency’ After Sacking 11,000 Employees
San Francisco, February 2: After laying off 11,000 employees, Meta Founder and CEO Mark Zuckerberg now wants 2023 to be the “year of efficiency”. In his quarterly earnings call with analysts late on Wednesday, Zuckerberg said that “I just think we’ve entered somewhat of a phase change for the company”.
He said that global headcount steadily climbed for nearly two decades, making it “very hard to really crank on efficiency while you’re growing that quickly”. After the layoffs, Zuckerberg said he is focused on “increasing the efficiency of how we make decisions”. Meta Layoffs: CEO Mark Zuckerberg Now Puts Company’s Middle Managers on Notice After Sacking 11,000 Employees in November 2022.
Meanwhile, Zuckerberg has now reportedly put middle managers at the company on notice. According to the newsletter Command Line by The Verge’s Alex Heath, Zuckerberg warned managers at a recent all-hands meeting. Meta Layoffs: Massive Sacking by Mark Zuckerberg Hits India Team Across Verticals.
“I don’t think you want a management structure that’s just managers managing managers, managing managers, managing managers, managing the people who are doing the work,” the Meta CEO apparently told them.
(The above story first appeared on LatestLY on Feb 02, 2023 09:41 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).