Meta Is Laying Off Another 10,000, Touts ‘Year of Efficiency’

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Meta Is Laying Off Another 10,000, Touts ‘Year of Efficiency’

Meta CEO Mark Zuckerberg has announced the company is laying off an additional 10,000 employees and closing additional open roles.

Meta laid off 11,000 in November, the biggest layoff of 2022. Rumors have been circulating for weeks that Meta planned another round of layoffs, which Zuckerberg has just announced:

With less hiring, I’ve made the difficult decision to further reduce the size of our recruiting team. We will let recruiting team members know tomorrow whether they’re impacted. We expect to announce restructurings and layoffs in our tech groups in late April, and then our business groups in late May. In a small number of cases, it may take through the end of the year to complete these changes. Our timelines for international teams will also look different, and local leaders will follow up with more details. Overall, 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 says the hiring freezes will be lifted once the company’s reorganization is complete:

After restructuring, we plan to lift hiring and transfer freezes in each group. Other relevant efficiency timelines include targeting this summer to complete our analysis from our hybrid work year of learning so we can further refine our distributed work model. We also aim to have a steady stream of developer productivity enhancements and process improvements throughout the year.

A major focus of the company’s efforts is reducing the various layers of management, streamlining and flattening the company’s communication:

In our Year of Efficiency, we will make our organization flatter by removing multiple layers of management. As part of this, we will ask many managers to become individual contributors. We’ll also have individual contributors report into almost every level — not just the bottom — so information flow between people doing the work and management will be faster.

Meta’s image has already been tarnished, in the eyes of its employees, after its first round of layoffs. Many blame Zuckerberg and his obsession with the metaverse. Laying off another 10,000 employees is not likely to improve that perception.

Meta Is Laying Off Another 10,000, Touts ‘Year of Efficiency’
Matt Milano

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