2022 was a difficult year for Meta, with layoffs, restructuring of some teams and new priorities. Mark Zuckerberg assured that this “difficult” period was behind us and that 2023 would be the year of efficiency, although it will end up being very similar, because new layoffs are expected, more investment in artificial intelligence (AI) and less metaverse, the flagship project that it doesn’t finish booting.
As reported by Bloomberg, the world’s largest social networking company is cutting more jobs, in addition to the well-known 13% reduction last November that affected 11,000 workers. This imminent round of cuts is being driven by financial objectives and is independent of the “flattening”, pointed out internal sources consulted by this medium.
This new phase of layoffs is expected to end next week, according to people familiar with the matter. Those who work on the plan hope to have it ready before the CEO takes paternity leave for his third child, which may be imminent, these same sources tell this medium.
Zuckerberg already warned in January that cuts were coming, although he disguised them as efficiency: “We are working on flattening our organizational structure and removing some layers from the middle management to make decisions faster, as well as implementing AI tools to help our engineers to be more productive.
The CEO of Meta is also trying to get the most out of his employees, those who continue to work at the parent company of Instagram, WhatsApp or Facebook. According to Bloomberg, the highest-level managers will share tasks with their subordinates to eliminate duplication and be as efficient as possible.