As you know, Meta laid off 11 thousand employees last November. After this shrinkage, which corresponded to 13 percent of its total employees at the time, Mark Zuckerberg described 2023 as the “productivity year”. Now, Meta is on the agenda again with the dismissal. Let’s take a look at the details of the news together.
Meta continues to layoffs!
Meta will lay off 10 thousand more people as part of the “productivity year” and close about 5 thousand open positions. The company, which has had economic hard times, will go to layoffs and restructuring in the technology department in April and in all other departments in May. Stating that the process could last until the end of 2023, Zuckerberg said that it may vary in operations outside the USA.
Announcing the dismissal on Facebook, Zuckerberg blamed the high US interest rates and global geopolitical instability in addition to the income irregularity experienced last year. In addition, the CEO announced that social media applications and artificial intelligence will continue without a break.
Meta CEO Mark Zuckerberg used the following statements in his statement:
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“This will be difficult and there is no escape. This will mean saying goodbye to our talented and passionate colleagues who have been part of our success. They are dedicated to our mission and I am personally grateful for all their efforts. We will support people as before and treat everyone with the gratitude they deserve.”
“I believe we are working on some of the most revolutionary technologies our industry has ever seen. Our single biggest investment is advancing artificial intelligence and embedding it in each of our products. We have the infrastructure to do this at an unprecedented scale, and I think the experiences this provides will be great.”
According to Zuckerberg’s statements, Meta will cancel low-priority projects as well as layoffs. In addition, as part of the restructuring, managers will be asked to do the jobs that their former employees did. In this way, aiming to get full efficiency from everyone, Zuckerberg stated that he does not want a manager to have more than 10 subordinates.
So what do you think about this news? Do you think Meta will be able to straighten out with the dismissal policy? You can share your views with us in the Comments section.