Meta CEO Mark Zuckerberg laid off 11,000 employees in November 2022, just a few months after Twitter laid off more than half of its workforce.
It appears that Zuckerberg will be making more layoffs soon. Zuckerberg gave a hint about additional layoffs just last week. The year 2023 would be the “year of efficiency,” he added.
According to recent rumours, the CEO of Meta is apparently urging some of the company’s managers and directors to become independent contractors or to resign altogether. After the initial round of layoffs, Zuckerberg promised that the business will improve its efficiency.
The CEO of Meta recently stated during one of the company’s internal meetings that he wants to “remove some layers of middle management” in order to speed up decision-making. “I don’t think you want a management structure that’s simply managers overseeing managers, managing managers, managing managers,” he said. “You also want to manage the folks who are actually performing the work.” By “flattening the organisation structure and reducing some levels of middle management to make choices faster,” according to Zuckerberg, he is focused on enhancing the effectiveness of decision-making.
Now, according to reports, Zuckerberg is requesting that some of the middle managers and directors either leave or go into individual contributor roles. Internally, the technique is referred to as “flattening,” according to those familiar with the project.
In the upcoming weeks, senior managers will communicate the command to their employees, according to a new Bloomberg story.
It is claimed that the individual contributors will not manage others but rather concentrate on responsibilities like coding, designing, and research. Additionally, Meta’s regular performance assessments are presently in progress, and underperforming staff may also experience layoffs. Meta hasn’t, however, provided any further information on the subject.
Companies including eBay, Zoom, Dell, and numerous others have announced layoffs in the interim. Eric Yuan, CEO of Zoom, announced the elimination of 1300 jobs, or around 15% of the workforce.
