Meta wants to relieve 10,000 employees to increase efficiency
Meta wants to relieve 10,000 employees to increase efficiency
In view of the economic challenges in the USA, Meta, the social media giant, has announced job cancellations in order to remain competitive and continue to invest in the meta verse. On March 14, Meta CEO and founder Mark Zuckerberg announced that the company will be released 10,000 employees to increase efficiency in 2023.
Zuckerberg said that Meta's main goals are to improve its technological skills and to improve the financial performance in the middle of the country's rough economic climate. These measures are in line with the long -term vision of the company.
he further explained that the company had to strengthen productivity and developer tools in order to achieve its goals. It must also eliminate unnecessary processes and not essential roles by rationalizing its processes.
"In the coming months, our organizational managers will introduce restructuring plans that aim to flatten out our organizations, to delete projects with lower priority and to lower our attitude rates. In view of this job cut, I have made the difficult decision to further reduce the size of our recruitment team."
mass layoffs start tomorrow
The CEO of Meta announced that the youngest of a larger wave of discharge, which affects 10,000 employees, will begin tomorrow, with the layoffs to extend over three months. The company also announced that there would be 5,000 jobs.
"Overall, we expect our team size to reduce around 10,000 people and close around 5,000 unoccupied places."
As a result, a significant part of the recruitment team can lose its job and will be informed about his release on March 15th.
In addition, the company indicated that further restructuring and layoffs that affect the technology team would be announced by the end of April. The last round of the layoffs in which the business team is involved will take place at the end of May.
Zuckerberg warned that the layoffs could continue all year round, even if this means to separate from talented colleagues who have contributed to the success of the company.
metas focus on the metaverse is a long -term thing
In order to improve agility and effectiveness, Meta plans to eliminate several management levels by asking many managers to make individual contributions. According to Zuckerberg, this approach would enable a faster flow of information between the employees, since managers do not need more than ten direct subordinates.
"We believe that it is important to manage every person, so we generally do not want managers to have more than ten direct subordinates."
On March 13, Stéphane Kasriel, Head of Commerce and Financial Technologies from Meta Platforms, announced the company's decision to set the support for non-fungible token (NFT) projects to prioritize other initiatives to support content manufacturers.
Kasriel emphasized that Meta would continue to support creators of content that use the company's social media platforms such as Instagram and Facebook to present their NFT collections. Nevertheless, the company closes unprofitable projects after the incredible loss of Reality Labs of $ 13.7 billion, which is responsible for important meta-verse projects.
However,META has made it clear that the bad end of his NFT business does not mean that it will change its course. AI is now an immediate focus on the company, while meta-verse developments remain a long-term, more complex vision.
The dismissal announcement of Meta reflects the hard economic reality with which many companies are confronted today. The company's strategic decision to prioritize the metaverse is in line with its long -term vision and could pay off well in the future.
.