Mark Zuckerberg told Meta employees to “flat tenuate” the company’s management structure.
The Meta founder and CEO laid off 11,000 employees last year.
He blamed the move on macroeconomic slump and advertising signal loss for the low revenue.
After laying off 11,000 employees in November last year, Meta Founder and CEO Mark Zuckerberg has reportedly put the company’s middle management on notice.
Zuckerberg warned managers at a recent all-hands meeting, according to The Verge’s Alex Heath’s weekly Command-Line.
“I don’t think you want a management structure that’s just managers managing managers, managing managers, managing managers, managing the people who are doing the work,” the Meta CEO allegedly told them.
The comment appears to imply that the corporation, which will release its quarterly results this week, may lay off more workers.
Chris Cox, Chief Product Officer of Meta, has also spoken about the need to “flatten” the organizational structure.
In one of the greatest layoffs in tech history, Zuckerberg fired around 11,000 employees in November, accounting for roughly 13% of the global workforce, and extended the hiring freeze through Q1 2023.
The parent firm of Facebook and Instagram reported over 87,000 employees (as of September 2022).
In a statement, Zuckerberg stated that the business will take extra steps to become leaner and more effective, including eliminating discretionary spending and extending its hiring freeze through Q1.
He blamed the macroeconomic slump, increased competition, and advertising signal loss for the move, stating it caused “revenue to be much lower than I’d expected.”
“At the start of Covid, the world rapidly moved online, and the surge of e-commerce led to outsized revenue growth. Many people predicted this would be a permanent acceleration that would continue even after the pandemic ended. I did too, so I made the decision to significantly increase our investments,” added Zuckerberg.
“Unfortunately, this did not play out the way I expected,” he had said.
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