Zuckerberg staff to products meta stock11/23/2023 Meta is dealing with many challenges these days. He said he took responsibility for last year’s layoffs, blaming his zeal for staffing up on the surge of use early in the pandemic. On an earnings call in February, the chief executive said he did not want the company to be overstuffed with a layer of middle management, or “managers managing managers.” Meta trimmed employee perks.Īnd after the layoffs in November, which largely affected the business divisions and recruiting teams, Zuckerberg hinted at further cuts. At its peak last year, Meta had 87,000 full-time employees.īut as the global economy soured and digital advertising markets contracted last year, Zuckerberg began putting an end to unchecked growth. The coronavirus pandemic also supercharged the use of mobile apps, leading to more growth. His company gobbled up workers as its family of apps, which also include WhatsApp, became popular worldwide. Zuckerberg is culling employees after years of hiring at a breakneck pace. “This will be tough and there’s no way around that,” he wrote. Meta also plans to close about 5,000 job postings that have yet to be filled, Zuckerberg said in the memo. ![]() ![]() In November, Meta laid off more than 11,000 people, or about 13% of its work force at the time. The new announcement is the company’s second round of cuts within the past half year. The layoffs will affect the Menlo Park-based firm’s recruiting team this week, with a restructuring of its tech and business groups to come in April and May, Zuckerberg said in a memo posted on the company’s website. Research has shown that return to office mandates are unpopular with employees and some studies suggest that they often do little to address issues of productivity that organizations believe have stemmed from remote work policies.ĭespite 69% of business leaders having concerns about collaboration and engagement, and 54% of human resources leaders believing their employees are less connected to their organizations than before the pandemic, research and advisory firm Gartner found that employees are 1.6 times more likely to perform better when their teams are dispersed in different locations and time zones.įurthermore, among employees with “radical flexibility,” 53% reported a high degree of connectedness, whereas just 18% of those with low flexibility did so.Meta, the owner of Facebook and Instagram, said today that it planned to lay off about 10,000 employees, or roughly 13% of its work force, the latest move to hew to what the company’s founder, Mark Zuckerberg, has called a “ year of efficiency.” Last week, both Zoom and Amazon announced they would be requiring workers to be back in the office for two and three days a week, respectively.Įarlier this year, Google came under fire for requiring most of its employees to work from the office three days a week and announcing that attendance would be tied to performance reviews. ![]() Meta is the third so-called Big Tech company to recently announce it is rolling back on its post-pandemic remote work strategy. Meta has yet to respond to a request for comment. ![]() Under the new policy, workers who have been hired specifically in a remote capacity are being asked not to attend the office more than four days a month, unless there’s a “clear business reasons” for them to be there. “As with other company policies, repeated violations may result in disciplinary action, up to and including a rating drop and, ultimately, termination if not addressed,” she wrote. “Accountability will be central to making this fair and effective,” Goler said, adding that going forward, managers will need to review employee attendance records on a monthly basis and follow up with those who didn't meet the requirements, subject to local law requirements. However, activities such as meeting with clients will count toward an employee’s “in person working” quota and if workers take personal time off, sick days or have travel or family emergencies to deal with, they will not be expected to make up these missed days with additional in-office attendance. “As we shared in June, beginning September 5, people assigned to an office need to spend at least 3 days per week working in person to foster healthy relationships and strong collaboration,” Goler wrote in the post, first published by Business Insider. This week, Goler announced more details about the return-to-office policy, in an internal post on Meta's Workplace platform Thursday.
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