Mark Zuckerberg, CEO of Meta, announced on Tuesday (14) the resignation of more than 10,000 employees of the company. Shutdowns will occur in the coming months and will affect areas such as recruitment, technology groups and business. This decision follows the planning of what the company called the “Year of Efficiency”, which involves restructuring and redirecting investments.
In the Facebook post, the CEO stated that the decisions follow two current objectives of the company:
Make it a better technology company;
Improve financial performance in a difficult environment to execute the long-term vision.
As such, Meta will slow the pace of hiring and cancel low-priority projects to “flatten” its internal organizations. From March 15, layoffs in the recruitment area will begin. Already in April, it will be the turn of the technology groups that will begin to receive the unpleasant news. Finally, some finance officials will be turned off to date may.
In addition, according to the statement, certain cases may be defined by the end of 2023. As a result, about 10,000 people will lose their jobs in the process, while 5,000 open vacancies will be closed.
Restructuring could bring new vacancies
Mark Zuckerberg thanked those who will leave Meta in the coming months:
This is going to be difficult and there’s no getting around it. It will mean saying goodbye to talented and passionate colleagues who have been part of our success. They have dedicated themselves to our mission and I am personally grateful for all their efforts. We will support people the same way we have done before and treat everyone with the gratitude they deserve.
Even with the layoffs, the company continues to bet its chips on the future and the Metaverse, as it is still expected to launch Meta Quest 3 in 2023. In addition, the company plans to create a social network to compete with Twitter, which could eventually bring new job opportunities.
The CEO also wants to improve the work system between the home office and the face-to-face, because the idea of building a “better technology company” goes through this context of vision, culture and operative philosophy:
After the restructuring, we plan to suspend hiring and transfer freezes in each group. Other relevant efficiency timelines include targeting this summer to complete the analysis of our hybrid work so we can further refine our distributed work model. We also aim to have a steady stream of developer productivity improvements and process improvements throughout the year.
In all, there are already more than 20,000 people who have lost and will lose their jobs only at Meta. Others like Google and Microsoft have recently announced shutdowns.