Flatter is faster, leaner is better: Meta CEO Mark Zuckerberg as company cuts another 10,000 jobs

Meta will probably be focussing on restructuring the organisation, together with cancelling decrease precedence tasks and decreasing hiring, CEO Mark Zuckerberg mentioned in a weblog put up on Tuesday.

This comes after the corporate mentioned it will lower its workforce by one other 10,000 workers following the cuts it introduced in November final yr. The firm had earlier introduced that it will hearth 11,000 workers, 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 mentioned in his put up. “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 mentioned that the modifications are anticipated to occur over the course of the following two months.

Flatter is quicker, leaner is healthier

Last yr in one other weblog put up, Zuckerberg had dubbed 2023 because the yr of effectivity. Building on to that, he mentioned that the corporate plans to take away a number of layers of administration.

“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 mentioned in his put up.

The Facebook founder added that since slicing the workforce final yr, issues have moved quicker at Meta and that looking back, he ‘underestimated the indirect costs of lower priority projects’, implying that extra decrease precedence tasks at Meta will probably 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.

Stay on high of expertise and startup news that issues. Subscribe to our each day e-newsletter for the most recent and must-read tech news, delivered straight to your inbox.