But it is precisely the uncertainty within the company that causes inefficiency, writes the Financial Times based on Meta employees. For example, some department budgets have not yet been approved, which normally happens before the end of the year. It is also still not clear how many employees certain teams will have. As a result, managers cannot make plans and little is currently happening in some departments and projects. Even with things that normally had priority, such as advertisements.
Zuckerberg expected that the corona pandemic would lead to a permanent shift towards online shopping and working and committed massively to this. But after the pandemic, many people and businesses returned to their old habits. That was the reason to dismiss 13 percent of the staff in November. The new round of layoffs is expected to come around March.
During the presentation of the annual figures, Zuckerberg said he wanted to cut management levels “in order to be able to make decisions faster”. Meta would also be more likely to decide to terminate poorly performing projects and projects with a low priority.