This comes after the company said it would cut its workforce by another 10,000 employees following the cuts it announced in November last year. The company had earlier announced that it would fire 11,000 employees, constituting 13% of its workforce.
“We expect to announce restructurings and layoffs in our tech groups in late April, and then our business groups in late May,” Zuckerberg said in his post. “Overall, we expect to reduce our team size by around 10,000 people and to close around 5,000 additional open roles that we haven’t yet hired,” he added.
Zuckerberg said that the changes are expected to happen over the course of the next two months.
Flatter is faster, leaner is better
Last year in another blog post, Zuckerberg had dubbed 2023 as the year of efficiency. Building on to that, he said that the company plans to remove multiple layers of management.
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“In our Year of Efficiency, we will make our organisation flatter by removing multiple layers of management. As part of this, we will ask many managers to become individual contributors. We’ll also have individual contributors report into almost every level — not just the bottom — so information flow between people doing the work and management will be faster,” Zuckerberg said in his post.
The Facebook founder added that since cutting the workforce last year, things have moved faster at Meta and that in retrospect, he ‘underestimated the indirect costs of lower priority projects’, implying that more lower priority projects at Meta will be shuttered.
“A leaner org will execute its highest priorities faster. People will be more productive, and their work will be more fun and fulfilling. We will become an even greater magnet for the most talented people. That’s why in our Year of Efficiency, we are focused on cancelling projects that are duplicative or lower priority and making every organisation as lean as possible,” he added.
