Restructuring, as part of the company’s ‘Year of Efficiency’, also sees 5,000 unfulfilled job adverts closed
Mark Zuckerberg’s Meta is laying off another 10,000 people and instituting a further hiring freeze as part of the company’s “Year of Efficiency”, the chief executive announced in a Facebook post on Tuesday.after the company announced another wave of 11,000 redundancies. At its peak in 2022, Meta had grown to 87,000 employees globally, with a substantial portion of that hiring occurring since the onset of the Covid pandemic.in a blogpost.
The end goal of the restructure is “to improve organizational efficiency, dramatically increase developer productivity and tooling, optimize distributed work, garbage collect unnecessary processes, and more”, Zuckerberg said. He highlighted issues including managers with very few staff to oversee and projects he said do not justify the organizational overhead to support them.
Zuckerberg’s note also hinted at a reversal of the company’s moves to promote engineers working from anywhere they want. “Our early analysis of performance data suggests that engineers who either joined Meta in-person and then transferred to remote or remained in-person performed better on average than people who joined remotely,” he said. “Engineers earlier in their career perform better on average when they work in-person with teammates at least three days a week.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Facebook's parent company Meta to cut another 10,000 jobsMeta chief executive Mark Zuckerberg says the company will lose 'talented and passionate' staff while announcing another 10,000 job cuts as part of its restructure.
Read more »
Facebook parent Meta slashes another 10,000 jobsFacebook parent Meta is slashing another 10,000 jobs and will not fill 5000 open positions as the social media pioneer cuts costs. 9News
Read more »
Why General Motor’s Cadillac Lyriq EV is worth waiting forThe SUV costs from about $US62,000 in the US and aims to compete with BMW’s X3/iX3.
Read more »
Oscar finalists could win a slice of AustraliaAcademy Award attendees will be gifted ‘goodie bags’ valued at $US120,000, with contents ranging from the $400 Oscars statue itself to $60,000 worth of cosmetics and a slice of land in Australia. The unofficial Oscars bag backed by the Australian government awards Hollywood’s elite with one square metre of land in the Queensland outback. Founder of Believe Advertising and PR Adrian Falk told Sky News Australia the bag holds pieces of Australia. “Finalists will be gifted a few square metres of Australia which may be enough for Steven Spielberg to throw a few shrimp on the barbie,' he said.
Read more »
Facebook's parent company Meta to cut another 10,000 jobsMeta chief executive Mark Zuckerberg says the company will lose 'talented and passionate' staff while announcing another 10,000 job cuts as part of its restructure.
Read more »
Facebook parent Meta slashes another 10,000 jobsFacebook parent Meta is slashing another 10,000 jobs and will not fill 5000 open positions as the social media pioneer cuts costs. 9News
Read more »