Technology company Meta is in crisis. Mark Zuckerberg declared the “Year of Efficiency” and within a few months led to 21,000 job cuts. people and abandoned plans to create 5,000 jobs. new positions.
The first round of layoffs took place in November last year, when they said goodbye to 11,000 jobs. employees. Another round and launch of 10,000. Zuckerberg announced the staff in mid-March. As the company’s president said, the purpose of the company’s changes is to straighten the organizational structure and downsize the company. He added that this is a response to the situation in the world including geopolitical instability, inflation and high interest rates.
The Meta boss has also convinced permanent employees to spend more time in the office. “Our hypothesis is that it’s easier to build trust in person, and that direct relationships help us work more efficiently,” Zuckerberg said. Asked for comment, a Meta spokesperson denied that Zuckerberg had ordered all employees back into the office. He stressed that the company “continues its strong commitment to remote work.”
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Zuckerberg and his managers are working remotely
Meanwhile, the company’s senior management, including Mark Zuckerberg, is working remotely. The company’s founder has been on paternity leave since March 23. On this day, the couple’s third child, Aurelia, was born. The Zuckerberg family already has two daughters: Maxima and Augustus.
Meta’s top managers are also working remotely — COO Javier Olivan (splitting her time between Silicon Valley and Europe), Head of Instagram Adam Mosseri (working in London) and Director of Product Naomi Galette (moved to New York).
Guy Rosen, Director of Information Security, is based in Tel Aviv on a daily basis. A Meta spokesperson confirmed to the US newspaper that executives remotely join Meta’s weekly meetings and regularly visit the tech giant’s headquarters in Menlo Park.
Absence of senior management on site, along with significant job cuts and Zuckerberg’s focus on them Metaverse technology [wirtualny świat, z którego możemy korzystać za pomocą technologii AR/VR – red.] The New York Times, citing conversations with nine current and former employees, reports that “employee morale has been shattered” at the company.
Investors love job cuts
“Many employees feel forgotten,” Erin Sumner, a former Mita employee who was fired last November, told the newspaper. She added, “They say the atmosphere in the company is like ‘The Hunger Games’ meeting ‘Lord of the Flies’, where everyone is trying to prove their worth to the management.”
Employees don’t feel confident, but investors have reacted positively to the Meta’s “year of efficiency.” Since January, the company’s shares have risen more than 75 percent after a major turmoil last year.
Meta isn’t the only tech giant making massive layoffs during the crisis in the technology sector. Alphabet, the parent company of Amazon and Google, has laid off thousands of workers in the past few months.
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Experience the short working time. Employees do not want to go back to the old system