Larger-scale layoffs may be around the corner as the company plans to cut expenses by reducing staff.
According to people in the know, smaller staffing reductions at Meta Platforms may precede larger layoffs, though the company has so far avoided using that term.
While the company remains diplomatic on-record about its staffing cuts, it's clearly struggling after reporting its first ever revenue drop.
After the company's dismal earnings report over the summer, the company's CEO said in a statement that they would be reducing their growth over the next year. We can shift energy to other areas inside the company if we shrink many teams.
The CEO and founder said that this is a period that requires more intensity. I think we will get more done with less resources.
The "30-day list" is said to be a process in which existing employees are being made to internally reapply to roles within a specific amount of time.
Meta has been public about the need for their teams to shift to meet these challenges. Futurism reached out to Facebook for more information.
The transcripts of internal calls were leaked to the press.
The CEO said during a June 30 employee Q&A that there are probably a bunch of people who shouldn't be here.
Meta Quietly reduces staff in order to cut costs.
Mark is in big trouble.
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