Meta Platforms to formally announce layoffs of Tech and Business employees in both April & May while killing-off Projects & more
Facebook-parent Meta Platforms announced earlier today that overall, they expect to reduce their team size by around 10,000 people and to close around 5,000 additional open roles that we haven’t yet hired.
Zuckerberg clarified where the job looses would be coming from. He noted that "over the next couple of months, org[anization] leaders will announce restructuring plans focused on flattening our orgs, canceling lower priority projects, and reducing our hiring rates.
With less hiring, I’ve made the difficult decision to further reduce the size of our recruiting team. We will let recruiting team members know tomorrow whether they’re impacted. We expect to announce restructurings and layoffs in our tech groups in late April, and then our business groups in late May. In a small number of cases, it may take through the end of the year to complete these changes. Our timelines for international teams will also look different, and local leaders will follow up with more details.
In our Year of Efficiency, we will make our organization 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.
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 canceling projects that are duplicative or lower priority and making every organization as lean as possible."
Read Mark Zuckerberg's long-winded memo to employees in its entirety here detailing Meta's 'Year of Efficiency.' Whether this latest Zuckerberg memo is new or just clarification of his first memo back in Q4 2022 is unknown at this time.
In stark contrast, Apple's CEO Tim Cook didn't announce any major layoffs as 2023 began, while Amazon, Meta, Google and Microsoft most definitely did. Apple is however planning to make a few minor tweaks such as delaying bonuses for some corporate employees and freezing hiring for more jobs, along with keeping a closer eye on travel spending and office attendance. That should be a big relief for Apple employees. For more on Apple's minor moves, read the full Bloomberg report.