According to people familiar with the matter, Meta Platforms is asking many of its managers and directors to move to individual contributor jobs or leave the company as it tries to become more efficient.
The process is known internally as “flattening,” the people said. Senior managers will share the policy with their subordinates in the coming weeks, regardless of the company’s ongoing regular performance reviews, said the people, who asked not to be named to discuss a matter that was not public. Individual contributors are not responsible for others, instead focusing on tasks such as programming, designing, and researching.
Metawho owns Facebook And Instagram, laid off 13 percent of its workforce in November during its first major layoff. In the months since, staff have faced intense fear of potential future cuts, the people said. Meta General Manager Mark Zuckerberg stated during the company’s earnings report this month that he still feels the company is too slow and bloated. He called 2023 the “Year of Efficiency” and vowed to cut middle management and underperforming projects.
The current round of job cuts will be phased and enacted on an individual basis, the people said. Some Meta employees said they felt the change was necessary because the organization includes some teams competing to achieve similar goals and managers overseeing only one or two employees, the people said. Meta declined to comment.
Zuckerberg’s plan for a leaner organization helped the stock price recover from 2022, its worst year ever. It’s up more than 56 percent so far this year.
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