Meta layoffs: CEO Mark Zuckerberg has no ‘relief words’ for employees
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As part of the second layoff announced in March of this year, Facebook parent Meta began to reduce its workforce. While firm CEO Mark Zuckerberg anticipates the 2023 layoffs to be completed in May, he has not ruled out further job reduction. According to The Wall Street Journal, Zuckerberg held a virtual Q&A session with employees this week following the latest round of layoffs. He informed colleagues that the new job losses would affect approximately 4,000 personnel, especially in the company’s technical departments.
While Meta will eventually replace vacancies, employees should not expect more than 1% to 2% year-over-year net growth “from this point forward.”
“I just kind of think that for where we are in terms of the efficiency that we’re able to get from new technologies, that’s probably the right model to expect going forward, and that will be a different operating model, and I think we can do it well,” Zuckerberg was quoted as adding.
Zuckerberg on additional job cutbacks
When questioned about more job cuts in 2024, 2025, and beyond, Zuckerberg stated it is difficult to forecast what will happen in 2024, 2025, and beyond.
“I generally feel good about the situation here, but given the volatility, I don’t want to make any promises about future events.” “What I can say is that we have nothing planned right now, and if we do something, it will be in that time frame,” he added.
Among the divisions targeted in the new wave were Meta-owned Facebook, WhatsApp, Messenger, Instagram, and Reality Labs.
The CEO wants the remaining employees to stay.
In response to a question about why the firm’s remaining employees should stay at a time when he has “shattered the morale and confidence in the leadership of many high performers who work with intensity,” Zuckerberg stated that he hopes they believe in the job that the company is doing.
“There is no other company in the world that delivers social experiences on such a large scale and across such a wide range of products and use cases as we do.” So, if you want to reach billions of people and have a tremendous influence, this is a terrific place to be,” he was reported as adding.
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