Meta's 'Efficiency' Layoffs Take a Toll on Employee Productivity
Meta employees received news Wednesday of the final round of previously announced job cuts, which affected thousands of workers in the company's business departments. Now, remaining staff are hoping an uncomfortable limbo at the company can end. From a report: The layoffs complete the bulk of the restructuring Chief Executive Officer Mark Zuckerberg announced in March to eliminate 10,000 positions. Initial reductions affected the company's recruiting and human resources departments, and in late April jobs in Meta's tech groups were slashed. Zuckerberg has said further cuts will come in only a "small number of cases" for the rest of the year, giving those people left a cold sense of relief. The company, which owns Facebook, Instagram and WhatsApp, said the layoffs were necessary to improve efficiency, after over-hiring during the pandemic. Meta promised faster product development and decision-making that sent its shares up more than 100% so far this year. But employees said some important work and planning has been at a standstill. Notably, Meta is still deciding on its product roadmap for the rest of the year, while it sorts out resources following cuts in the tech group, a person familiar with the matter said. During the limbo, employees have been unsure who to collaborate with, how to shift responsibilities on their teams or who would be cut next, according to current and recently let-go employees, who asked not to be named discussing internal issues.
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