After laying off 13% of its workforce in November 2022, Facebook’s parent company Meta is considering further headcount reduction.
Meta laid off 11,000 employees in November, as previously reported by The Dallas Express.
During Meta’s November announcement, CEO Mark Zuckerberg told remaining employees that the layoffs were made to “minimize the chance of having to do broad layoffs like this for the foreseeable future,” according to The Washington Post.
But a report from The Washington Post says the social media giant is looking to cut more projects and jobs.
The company is looking to restructure its operations, undergoing a “flattening,” removing layers of middle management and downgrading managers’ jobs to the point where they ultimately quit, The Washington Post claims.
This month, the company gave roughly 7,000 employees “subpar” reviews, according to the New York Post.
Employees who receive low scores on performance reviews tend to quit their jobs, The New York Post reported.
“We are working on flattening our org structure and removing some layers of middle management to make decisions faster as well as deploying AI tools to help our engineers be more productive,” Zuckerberg said on the company’s fourth-quarter earnings call this month.
“As part of this, we are going to be more proactive about cutting projects that aren’t performing or may no longer be as crucial. But my main focus is on increasing the efficiency of how we execute our top priorities,” he said.
Zuckerberg proclaimed the management theme of 2023 as the “year of efficiency.”
“We closed last year with some difficult layoffs and restructuring some teams. And when we did this, I said clearly that this was the beginning of our focus on efficiency and not the end,” he said.
The layoffs were the biggest job cuts in the company’s history and are part of a larger wave of layoffs that include tech giants Alphabet and Microsoft, according to The New York Post.