Mass Layoffs and Absentee Bosses Create a Morale Crisis at Meta

NYT TECHNOLOGY: Mass Layoffs and Absentee Bosses Create a Morale Crisis at Meta

By Sheera Frenkel and Mike Isaac
Section: Technology
Source: New York Times
Published Date: April 12, 2023 at 03:00AM

Workers at Facebook’s parent have been increasingly alarmed by job cuts and the company’s direction.

“Raise your hand if you know who is getting fired?” a Meta employee wrote in an online chat group for the company’s engineers this month. “Fire emoji if you think it’s a dumpster fire.”
In response, his colleagues posted dozens of tiny flame emojis.
“I’m already fired,” added a former Meta employee who worked in the company’s business division for nearly four years before most of his team was laid off this year. “But who can keep track?”
Mark Zuckerberg, Meta’s chief executive, has declared that 2023 will be the “year of efficiency” at his company. So far, efficiency has translated into mass layoffs. He has conducted two rounds of cuts over the past six months, with two more to come; these will eliminate more than 21,000 people. Mr. Zuckerberg is also closing 5,000 open positions, which amounts to 30 percent of his company’s work force.
At the same time, some of Meta’s top executives have moved away and are managing large parts of the Silicon Valley company from their new homes in places like London and Tel Aviv.

Read More at: https://www.nytimes.com/2023/04/12/technology/meta-layoffs-employees-management.html