Mark Zuckerberg unveils ‘scrappier’ future at Meta after layoffs

Zuckerberg has deemed 2023 “the year of efficiency” as the company seeks to unwind a culture and management system used to easy money and hyper workforce growth. Meta has sought to reduce the number of management layers between interns and Zuckerberg. The company has also pulled back on some projects such as some of its hardware devices and services to support publishers.

Zuckerberg said Thursday that the company doesn’t have another major companywide layoff planned but said “the world is also volatile.” And in the future the company plans to grow more slowly, which may mean that there are smaller layoffs when Meta decides to scrap a project in favor of a new one. He added he thinks having a lower head count will enable Meta to reduce bureaucracy and make it easier to get work done.

On Wednesday, Zuckerberg told workers who had been laid off in a private call that while he appreciated their valuable contributions to the company their roles were no longer critical in the company’s streamlined future. And the company plans to revive internal culture partly by spending more time talking about its future innovations, including its investment in artificial intelligence. For instance, the company has invested more in AI infrastructure in the form of capital expenditures than it has spent on Reality Labs, the division that oversees its metaverse bet among other things.

Source: News Formal (newsformal.com)

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