According to persons familiar with the situation, Meta Platforms Inc. is asking many of its managers and directors to move into individual contributor roles or quit the company as it strives to become more efficient.
The people claimed that the procedure is referred to as a “flattening” internally. Separate from the company’s ongoing regular performance reviews, higher-level managers will be distributing the instruction to their subordinates in the upcoming weeks, according to the persons who wanted to remain anonymous because they were discussing a private topic. Individual contributors don’t manage others; instead, they concentrate on activities like research, design, and coding.
Meta fired 13% of its workforce in November during its first major layoff
In November, amid its first significant round of layoffs, Meta, the company that owns Facebook and Instagram, sacked 13% of its staff. Since then, according to the people, there has been a great deal of fear among the workforce regarding possible future cuts. Mark Zuckerberg, the chief executive officer of Meta, said during the company’s earnings report this month that he continued to believe the organization was overly bloated and slow-moving. He declared 2023 to be “The Year of Efficiency” and promised to eliminate middle managers and underwhelming projects.
The folks stated that the latest wave of job losses will be more gradual and implemented on an individual basis. Given that the business has certain teams that compete to accomplish identical goals and managers who are responsible for just one or two individuals, several Meta employees indicated they felt the change was necessary.
Meta chose not to respond. The share price recovered from 2022, which was its lowest year ever, according to Zuckerberg’s proposal for a leaner business.
It has increased by about 56% so far this year.