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Meta minimize 13 per cent of its workforce in November final yr. (File)
Meta CEO Mark Zuckerberg hinted at the potential of extra layoffs at a current inner assembly, months after the corporate slashed over 11,000 jobs. Reports quoted Mr Zuckerburg as saying that he’s against “managing managers” and that managers who construct bigger groups shouldn’t be compensated.
“I do not suppose you desire a administration construction that is simply managers managing managers, managing managers, managing managers, managing the people who find themselves doing the work,” the billionaire was quoted as telling The Verge’s e-newsletter, Command Line.
The chance of layoffs appeared even stronger when seen with Meta’s Chief Product Officer’s feedback final month. Chris Cox had mentioned the doable “fattening” of the organisational construction on the corporate’s communication platform, Workplace, Mashable India reported.
Mark Zuckerberg additionally reportedly mentioned the event of ChatGPT-like AI instruments that may finally help engineers and non-engineers with coding.
Last yr, Facebook’s mother or father firm paid BuzzFeed hundreds of thousands of {dollars} to “deliver extra creators” to Meta’s platforms, The Wall Street Journal reported. The deal is reportedly valued at round $10 million and entails BuzzFeed serving to Meta generate creator content material in addition to practice creators to develop their presence on-line.
Meta cut 13 per cent of its workforce in November final yr, the primary and largest layoffs within the firm’s historical past. The pandemic-led increase that boosted tech corporations and their valuations has changed into a bust within the face of decades-high inflation and quickly rising rates of interest.
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