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chrisdh79 OP t1_jb9gddb wrote

From the article: Meta is not quite finished streamlining its workforce, with plans for another culling of thousands of employees being considered by management. In November, Meta CEO Mark Zuckerberg said the company was laying off 13% of its workforce, equating to approximately 11,000 in job losses. It seems that another employment bloodbath is in the cards.

A new wave of layoffs are being planned, according to Bloomberg. Thousands more employees are expected to get let go, with the fresh round hitting as soon as this week.

While earlier rounds were apparently an attempt to flatten the organization's structure, complete with managerial buyout packages and cutting entire teams thought to be non-essential, the new round may be more money-motivated. People familiar with internal matters at Meta claim the next round is being driven by financial targets, and is separate from "the flattening."

As part of the process, directors and vice presidents have been asked to produce lists of employees that they deem could be let go.

The speed of the layoffs is in part due to Zuckerberg himself, with those working on the initiative aiming to prepare it all before the CEO goes off for parental leave.

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shrillbill t1_jbabc11 wrote

So he's laying off 1000s of people as fast as possible so he can relax with his family. What a piece of shit

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nur5e t1_jbag6sr wrote

Really shows how asinine the concept of paternal leave is.

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SparkStormrider t1_jb9jls9 wrote

And maybe they should streamline upper management and management in general as well.

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abofh t1_jba9mx4 wrote

That's the funniest part, most of them are keeping senior people to avoid lawsuits, but in the process eliminating the motivated unvested. Whomp whomp

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medievalmachine t1_jbb76du wrote

Just the concept of spending days to interview at this garbage company only to be laid off by them anyway? Just wow, no thanks, I'm not that dumb.

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abofh t1_jbbl0lp wrote

Ain't it great, the faang have been defanged and will only attract talent through very huge volumes of cash.

This has been a dumb layoff season by every measure.

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[deleted] t1_jbaifth wrote

How can you know so much detail about a round of layoffs that hasn't happened yet?

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abofh t1_jban76z wrote

Most of them -> most companies; This is like round 20 something for valley lay-offs in the last 5-12 months. But if you prefer? markets

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whatweshouldcallyou t1_jb9twhr wrote

This will surely stall the inevitable decline of Facebook.

Luckily for Meta, they can rely on Instagram and Whatsapp for revenue.

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