Zuckerberg praises Meta's "year of efficiency" as it fires an extra 10,000 employees

Zuckerberg praises Meta’s “year of efficiency” as it fires an extra 10,000 employees

Additionally, according to Zuckerberg, the business would “announce restructuring plans focused on flattening our orgs” and shelve lower priority initiatives. According to reports, the layoffs will have an impact on the teams developing wearable technology for Reality Labs’ hardware and metaverse business. Since Meta “will ask many managers to become individual contributors,” it appears that managers will have to take on some of the duties that their employees concentrate on. The “flattening” process involves reducing layers of management.