![]() “Change is never easy,” he added, “but I know we’ll get through this and come out an even stronger company that can build better products faster and enable you to do the best work of your careers.” “That is, do great work and support your teammates. “In terms of how we should operate during this period, I encourage each of you to focus on what you can control,” Zuckerberg advised. Zuckerberg indicated that the job cuts will not be complete until the end of May. “At this point, I think we should prepare ourselves for the possibility that this new economic reality will continue for many years,” Zuckerberg flatly warned, adding that the dim outlook had necessitated additional cuts “to operate more efficiently than our previous headcount reduction to ensure success.”Īs a result, the tech executive said, “It’s surprisingly not hard for these big tech companies to cut large numbers of people without impacting the underlying revenue engine.”įor now, employees at Meta will have to wait a little longer to learn how they and their teams will be impacted. The latest announcement, in particular, has left already anxious employees distressed and wondering whether they might be on the chopping block in the near future.īut Zuckerberg signaled that the sweeping changes are necessary to survive in what he characterized as a deteriorating economy that will not soon heal. Nevertheless, the layoff announcements have naturally sent morale at the Menlo Park-headquartered company plummeting. The company has had to grapple with an ever-weakening digital advertising sector amid broader economic turmoil, Apple’s unforgiving new privacy policy, the rapid emergence of artificial intelligence technologies, and the seemingly unstoppable rise of TikTok. ![]() Meta, in particular, has been battling some of the most severe headwinds in Silicon Valley. Sign up for the daily digest chronicling the evolving media landscape here. Coupled with the new cuts, Meta will have cut about 24% of its workforce, or one in four employees, in just about half a year.Ī version of this article first appeared in the “Reliable Sources” newsletter. The cuts to the parent of Facebook, Instagram, and WhatsApp come after it laid off about 11,000 employees in November, which at the time represented the company’s first-ever workforce reduction. “This will be tough and there’s no way around that,” Zuckerberg said in his memo, hinting at the pain and raw emotion that will soon envelope the organization as the workforce is slashed yet again. ![]() Most importantly, from a structural standpoint, Zuckerberg said he wants to flatten the company “by removing multiple layers of management.” Zuckerberg, who has been conducting a review of the business as he aims to execute on his so-called “year of efficiency,” outlined key changes that will be implemented across the organization. That’s how Mark Zuckerberg described in a memo what the near future will be like for Meta employees after he announced the once-impervious social media company will cut another 10,000 jobs in the months ahead.
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