Meta Platforms will continue to streamline layoffs as Mark Zuckerberg shifts focus to over 300 vice presidents
According to sources, Meta Platforms CEO Mark Zuckerberg hopes to streamline the company by reducing the number of vice president positions. This move seems to be a continuation of the "Meta Efficiency Year" in 2023, when over 20,000 employees were laid off. Sources indicate that Meta had as many as 300 vice presidents last year, but Zuckerberg aims to reduce this number to around 250. According to Statista, as of the end of 2023, Meta had 67,317 employees, down from 86,482 at the end of 2022. This marks the first year-over-year decline in employee numbers in the company's history. Zuckerberg stated last year, "A more streamlined organization will execute its most important tasks more quickly." "People's work efficiency will be higher, and their work will be more interesting and fulfilling."
According to sources familiar with the matter, Mark Zuckerberg, CEO of Meta Platforms (META.US), hopes to streamline the company by reducing the number of vice president positions.
This move seems to be a continuation of the "Meta Efficiency Year" in 2023, when over 20,000 employees were laid off.
Sources indicate that Meta had as many as 300 vice presidents last year, but Zuckerberg aims to reduce this number to around 250.
According to Statista data, as of the end of 2023, Meta had 67,317 employees, down from 86,482 at the end of 2022. This marks the first year-over-year decline in employee numbers in the company's history.
Zuckerberg stated last year, "A more streamlined organization will execute its most important tasks more quickly." "People's work efficiency will be higher, and their work will be more interesting and fulfilling."