As you know, the current financial crisis hit GAFAM hard in 2022. Whether it’s Google, Microsoft, Twitter or Meta, no one is truly forgiven. After Elon Musk took over the social network, many employees were fired from Twitter, and some even complained of unfair dismissals.
In the process, it was Facebook’s turn to announce a massive restructuring plan. More than 11,000 employees were laid off. A necessary measure, according to Mark Zuckerberg, while Meta lost 52% of its 2022 profit (just $4.4 billion raised). Google did the same, inviting 12,000 employees through the door. It’s the same observation at Microsoft, which has decided to reinstate more than 11,000 employees worldwide.
To get back to Meta, Mark Zuckerberg tried to reassure the forces still in existence by saying “I wouldn’t”.did not foresee any further layoffs“. He added that this was necessary for many departures.Minimize the risks of having to make massive layoffs like this in the foreseeable future.” But finally, The CEO will go back on his word.
Meta will take a break again contrary to Mark Zuckerberg’s promises
According to an anonymous source speaking in the columns of the Washington Post, Meta is gearing up for a new layoff. The American company would instruct its lawyers, financial experts, and senior executives to review the hierarchical organization. getting rid of as many positions of responsibility as possible.
For this reason, Meta specifically plans to demote certain managers., with the aim of “simplifying” company management by limiting intermediaries in the hierarchy. As teams grew, other managers would actually find themselves in charge of more employees. according to the source, this method can drive weak managers away from themselves… This will reduce the company’s workforce by default.
We remember that in the summer of 2022, the creator of Facebook caused controversy by inviting the least productive employees to question their presence in the company. Finally, the Washington Post states: Meta is also considering the elimination of certain projects and jobs as well as “traditional” cuts.
Source : Washington post
