Facebook’s parent company, Meta, recently went on a roller coaster ride that included CEO Mark Zuckerberg’s statement “effective year”, lay off thousands of employees, and cut privileges. Some of those measures were reflected in the company’s strong stock performance, which boosted Zuckerberg’s net worth. $46.6 billion to $92.3 billion this yearaccording to the Bloomberg Billionaires Index.
Despite the achievements, the task for Meta employees is to “shave more”.
“Going through restructuring, layoffs, and changes like this is obviously a very difficult thing,” Zuckerberg told employees on a companywide call on Thursday, according to the company’s website. washington articles. “So it’s not like we’re going to end up in exactly where we were before because that’s not my goal. I want to go to a worse place.
Since last year, Meta has made two job cuts: 11,000 won in November and other 10,000 announced in March. All of those layoffs are part of Zuckerberg’s broader restructuring for greater efficiency.
He told employees that one of his goals was to have “a stronger technology company that can make better products faster.” Post report. Another reason is to improve Meta’s financial performance to fund long-term projects in a challenging economic environment.
During the pandemic, the company continued a recruitmentdoubled its workforce from 2020. But that backfired when employees found themselves “storage” like Pokémon cards and lacks any real work to do.
Zuckerberg’s announcement of a “productive year”, plus strength first quarter earnings increases investor optimism and helps to deposit company shares 23% spike that day. Meanwhile, Meta’s investments in artificial intelligence and the virtual world of the metaverse are still in full swing, according to Bloomberg. The company revealed its computer chip last week that could leverage its AI and video processing infrastructure.
Meta’s goal is to be a “scrappier” borrowing a term commonly used to describe startups are short of money and resources, and therefore must make the most of what is available. Zuckerberg is said to have said that he wants Meta to be less bureaucratic so work can be done faster even with fewer workers.
“That forced us to find ways to be leaner and get things done more efficiently,” Zuckerberg said. post. “That means fewer environments or projects with too many chefs in the kitchen, which is just a common complaint I hear over and over again across the company.”
In an earnings call earlier this year, Zuckerberg hinted at a cut management class to make the organization leaner and run more efficiently on a daily basis.
Meta did not return immediately Luckrequest comment.
