Tech

Meta is said to be cutting staff and reorganizing teams


Meta has started and reorganized teams in an effort to cut costs, according to a new report in Wall Street Journal. The company doesn’t appear to want to frame the changes as layoffs, but is said to be “silently shedding a significant number of employees” as it prepares for more substantial cuts.

It is unclear how many Meta employees have been affected so far. According to the report. Meta already allows employees to apply for new jobs within the company, but employees only have 30 days to do so. Results, according to MagazineIs that “employees with a good reputation and strong performance reviews being pushed out on a regular basis?”

For a while, Meta has signaled that it will reduce staff and cut projects as it processes amid what Mark Zuckerberg has described as an “economic downturn”. The CEO warned during the company’s most recent earnings call that Meta would slow hiring and would need to “get more done with fewer resources.”

Zuckerberg recently told employees the company is facing and managers were asked to identify cut. The company has also several projects from its Reality Labs division, which have lost $10 billion by 2021. Dozens of Meta contractors hired by an outside company were also recently told their work had been completed. .

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