goal has started and reshuffle teams in an effort to cut costs, according to a new report in The Wall Street Journal. The company apparently doesn’t want to frame the changes as layoffs, but is reportedly “quietly pushing back a significant number of employees” as it prepares for more significant cuts.
It’s unclear how many Meta employees have been affected so far. According to the report. Meta has been allowing employees to apply for new jobs within the company, but workers only have a 30-day window to do so. The result, according to The newspaperis that “reputable workers with strong performance reviews are being pushed out on a regular basis.”
Meta has been signaling for some time that it will cut staff and cut projects as it grapples with what Mark Zuckerberg has described as an “economic downturn.” The CEO warned during the company’s most recent earnings call that Meta would delay hiring and would need to “do more with fewer resources.”
Zuckerberg has recently told employees that the company is facing and managers have been asked to identify themselves to cut. The company also has some projects from its Reality Labs division, which lost $10 billion in 2021. Recently, dozens of Meta contractors employed by an outside company were also told their jobs had .
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