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On Tuesday, Meta CEO Mark Zuckerberg announced that the tech giant would be laying off around 10,000 workers, with some set to find out whether or not they still have a job as early as tomorrow.
The move is just the latest in Zuckerberg's quest to make 2023 the "Year of Efficiency" as he and other top executives work to restructure the company.
"Over the next couple of months, org leaders will announce restructuring plans focused on flattening our orgs, canceling lower priority projects, and reducing our hiring rates," Zuckerberg wrote in a letter to Meta employees.
"With less hiring," he continued, "I've made the difficult decision to further reduce the size of our recruiting team." Zuckerberg explained that members of that team would be informed on Wednesday whether they're "impacted" by the changes.
Tech groups, he added, would find out in late April, with those in business groups being informed in late May.
Zuckerberg noted that in certain cases, such as for those on international teams, layoffs could take until the end of the year to be finalized.
"Overall," he said, "we expect to reduce our team size by around 10,000 people and to close around 5,000 additional open roles that we haven't yet hired."
Zuckerberg justified the decision by explaining that "every layer of a hierarchy adds latency and risk aversion in information flow and decision-making," thus a "flatter" organization would be faster and more capable of creating, maintaining, and delivering the products and services customers want.
"People will be more productive, and their work will be more fun and fulfilling," he said. "We will become an even greater magnet for the most talented people. That’s why in our Year of Efficiency, we are focused on canceling projects that are duplicative or lower priority and making every organization as lean as possible."
The latest round of layoffs come just months after Meta reduced its workforce by around 11,000 workers, or 13 percent of the workforce.
The move is just the latest in Zuckerberg's quest to make 2023 the "Year of Efficiency" as he and other top executives work to restructure the company.
"Over the next couple of months, org leaders will announce restructuring plans focused on flattening our orgs, canceling lower priority projects, and reducing our hiring rates," Zuckerberg wrote in a letter to Meta employees.
"With less hiring," he continued, "I've made the difficult decision to further reduce the size of our recruiting team." Zuckerberg explained that members of that team would be informed on Wednesday whether they're "impacted" by the changes.
Tech groups, he added, would find out in late April, with those in business groups being informed in late May.
Zuckerberg noted that in certain cases, such as for those on international teams, layoffs could take until the end of the year to be finalized.
"Overall," he said, "we expect to reduce our team size by around 10,000 people and to close around 5,000 additional open roles that we haven't yet hired."
Zuckerberg justified the decision by explaining that "every layer of a hierarchy adds latency and risk aversion in information flow and decision-making," thus a "flatter" organization would be faster and more capable of creating, maintaining, and delivering the products and services customers want.
"People will be more productive, and their work will be more fun and fulfilling," he said. "We will become an even greater magnet for the most talented people. That’s why in our Year of Efficiency, we are focused on canceling projects that are duplicative or lower priority and making every organization as lean as possible."
The latest round of layoffs come just months after Meta reduced its workforce by around 11,000 workers, or 13 percent of the workforce.
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