Meta, the parent company of Facebook, is preparing a new round of layoffs that could affect thousands of workers of all sections of the company and that it would have global reach as part of a restructuring that “lightens” the organization chart of the company, sources familiar with the plan have reported to ‘The Washington Post’.
This process is known internally as “flattening”, according to ‘Bloomberg’, and will consist of asking many of your managers and intermediate positions to make the transition to individual contributor jobs or, otherwise, they leave the company.
Likewise, Meta is assessing the additional possibility of cancel some projects The changes will probably take place over several months, and not suddenly.
Mark Zuckerberg, CEO of the company, has already defined the multinational’s efforts to control its costs during the current year as “the year of efficiency”, after the slowdown in the economy Lastrase the results of Meta in 2022.
The company already announced at the end of 2022 a cut 11,000 jobs. At the beginning of this month, Meta reported a net profit of 23,200 million dollars (21,825 million euros) for the whole of last year, which meant a drop of 41% compared to those registered twelve months earlier.