Meta continues to struggle in the post-Covid tech landscape as it seems the tech company wants to shake things up and shed some weight. After announcing a plan last year to shed 10,000 jobs for ‘efficiency’, the tech giant is restructuring its subsidiaries like WhatsApp, Instagram, Threads, and Reality Labs. Some employees will be laid off in the process.
Meta analysis
Last year CEO Mark Zuckerberg declared 2023 ‘a year of efficiency’, announcing a plan to cull about 10,000 jobs from their books. This followed Meta’s initial round of post-Covid mass layoffs in 2022, which saw 11,000 employees lose their jobs as the company was forced to admit overoptimism about its growth potential.
“Today, a few teams at Meta are making changes to ensure resources are aligned with their long-term strategic goals and location strategy,” said company spokesperson Dave Arnold in a statement, “This includes moving some teams to different locations, and moving some employees to different roles. In situations like this when a role is eliminated, we work hard to find other opportunities for impacted employees.”
Earlier this year, Reality Labs, Meta’s hardware division, underwent a big restructuring of the company into two main subdivisions, which also led to a small series of layoffs. Now WhatsApp, Instagram, and Threads are getting the same treatment. Rather than a round of mass layoffs, these smaller layoffs coincide with restructuring and reorientation of Meta’s goals in the tech space. Some employees, like tech journalist Jane Manchun Wong, have begun posting and confirming their termination.