Mark Zuckerberg Pushes for Efficiency with a Streamlining Initiative
Meta Platforms, Inc. is reportedly restructuring its management and director positions, as it seeks to streamline operations and improve efficiency. Sources say that higher-level managers have been instructed to transition to individual contributor roles or leave the company. This initiative, known internally as “flattening,” is separate from the company’s ongoing performance evaluations.
Individual contributors are tasked with hands-on work such as coding, design, and research, rather than managing others. Meta, the parent company of Facebook and Instagram, recently underwent its first major layoff, with 13% of its workforce being let go in November. Since then, staff have been apprehensive about potential future cuts, as CEO Mark Zuckerberg has emphasized the importance of efficiency and has vowed to streamline middle-management and eliminate underperforming projects, naming 2023 as the “Year of Efficiency.
According to sources, the latest job reduction process will be carried out in a gradual manner and will be evaluated on a case-by-case basis. Some employees at Meta believe that the restructuring is necessary due to duplicative efforts by multiple teams and an excessive ratio of managers to subordinates. The company declined to comment.
Zuckerberg’s strategy for streamlining the organization has contributed to the company’s recovery, with shares rising 56% this year after experiencing its worst performance in 2022
Compared to his peers, Zuckerberg is now showing a higher level of responsiveness to shareholders, especially after the sharp decline in share price. Meanwhile, despite widespread layoffs, Google increased its headcount by 3K in the last quarter