Meta is preparing for another round of job cuts, according to a new report by the Financial Times, causing disruption across the whole organisation.
In November, 11,000 Meta employees lost their job. This accounted for around 13 percent of the social media company.
Despite the November cuts being the most dramatic in Meta’s history, further cuts are expected in March according to the report.
As a result, work is coming to a standstill at the organisation, as managers have been unable to plan their workloads, according to the staff.
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This new round of job cuts comes at a time when Mark Zuckerberg has announced that 2023 is his “year of efficiency”, as he attempts to contain costs.
The company are currently undergoing performance reviews of their employees, according to staff.
What is expected to happen to the affected staff?
It is expected that managers will either be asked to leave the company, or move to roles which do not involve management.
Meta’s organisational structure is also being remodelled. Those working in middle management should expect some changes, as Zuckerberg expresses concerns over the speed of which decisions are made.
Low-performing or low-priority projects will also face particular scrutiny.
Terry Payne, Global MD of Aspire, said:
“Nobody wants to see lay-offs, particularly in this economic climate. While lots of tech firms, globally, have reduced headcount in recent months, this isn’t necessarily a trend reflected across the entire space. We’re still noticing a very high demand for tech workers – both permanent and temporary – as employers continue to invest in and enhance their digital capabilities, which hold the key to seizing opportunities and operating with greater efficiency.”
Amelia Brand is the Editor for HRreview, and host of the HR in Review podcast series. With a Master’s degree in Legal and Political Theory, her particular interests within HR include employment law, DE&I, and wellbeing within the workplace. Prior to working with HRreview, Amelia was Sub-Editor of a magazine, and Editor of the Environmental Justice Project at University College London, writing and overseeing articles into UCL’s weekly newsletter. Her previous academic work has focused on philosophy, politics and law, with a special focus on how artificial intelligence will feature in the future.
- Amelia Brand
- Amelia Brand
- Amelia Brand
- Amelia Brand
