In November 2022, Meta fired 11 thousand people at once and, according to the company's CEO, Mark Zuckerberg, the mass layoffs will not stop there. Now, the company intends to lay off another 10,000 employees.
More than 10,000 workers will be fired from Meta
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The valuable company, owner of extremely popular social networks such as Facebook, WhatsApp and Instagram, now it has the objective of dismissing more than 10 thousand employees, with a view to restructuring the company. According to Meta's CEO himself, it is important to remain alert to the global economic instability that should remain for a long time yet.
“Here's the timeline you should expect: In the coming months, organizational leaders will announce restructuring plans focused on flattening our organizations, cancel lower priority projects and reduce our hiring rates," Zuckerberg said in a message directed to his employees and the company's own blog. company.
For him, economic instability will last for many years and the company needs to adapt to this new reality. Therefore, in addition to dismissing thousands of people, Facebook, for example, will close about 5,000 positions that are open and have not yet been filled.
Target Restructuring
According to an SEC filing, Meta claims to have anticipated reductions in year 2023 expenses, which range from $86 billion to $92 billion.
For Mark Zuckerberg, 2023 will be a year focused on efficiency and, for that, another round of mass layoffs is necessary announced, which follows the same pattern as that which occurred in November, responsible for cutting about 13% of employees at the company.
The company's CEO says that 2023 will be the year for Meta to become "a stronger and more agile organization".
Changes in the operation of the company
If the objective is to become more agile, for Zuckerberg, it is not enough to dismiss employees from projects that are no longer important to the company, but, allied to this, it becomes necessary to reduce the layers of intermediate management, so that it is possible to have decisions made with more agility.
“A leaner organization will execute on its highest priorities faster,” said Zuckerberg.
