Large technology companies do not stop laying off their staff. For the past few months, titans such as Google, Twitter, Microsoft and Spotify have been generating a massive wave of layoffs in the sector. But it could have been just the tip of the iceberg of a trend that is increasingly on the rise and is due to several reasons.
According to the Financial Times through two sources close to the company, Meta is planning a new round of cuts among its employees. After announcing last November the dismissal of 11,000 employees, 13% of its total workforce, Mark Zuckerberg‘s company is preparing to carry out a new wave of layoffs during the month of March.
What are the reasons for Meta’s new layoffs?
It is not clear exactly why and how this will affect the pantilla. However, there are indications that shed light on this trend. The main one is that certain annual budgets that should have been disclosed before the end of 2022 have not yet been finalized, and management decisions are taking longer than usual to be implemented.
This comes on top of the fact that, earlier this month, Mark Zuckerberg explained on a call with investors that the company wants to continue to save for a time, as it plans a “deficit year” during which Meta will restructure some low-priority, low-performing roles in order to become a more productive company. The CEO made it clear that he will remove some middle management from his company to make decisions faster and more efficiently, so the trend seems clear.
Another announcement that sheds light on the poor state of Meta is that its chief commercial officer, Marne Levine, has stepped down after 13 years at the helm. During her time at Meta, Levine served as Instagram‘s first COO and VP of global public policy at Facebook. A heavyweight who is leaving to make way for a new era at Meta.
