May 26, 2023
As part of its reorganization plans, Meta is presently in the last round of layoffs. Employee productivity and progress have suffered as a result of the instability and uncertainty.
According to Insider, approximately 4,000 people have already been laid off in the recruiting and technology sectors, with an additional 5,000 set to be thrown off in the business division. These reductions were prompted by Zuckerberg’s announcement in March, following a previous round of layoffs in November, which resulted in 11,000 employees (13% of the company’s total headcount) losing their jobs.
However, the implementation of these changes has been far from flawless, leaving Facebook and Instagram employees apprehensive about cooperation and work reallocation. According to Bloomberg, the lack of clarity regarding team assignments has left staff nervous and demotivated. Many employees have resorted to devising their own jobs or not working at all when faced with confusing orders.
As a result, key initiatives and planning have been halted. Meta, the parent company of Facebook and Instagram, is now dealing with resource allocation issues as a result of the layoffs, which has caused delays in establishing the product strategy for this year.
The sources for this piece include an article in BusinessInsider.
