According to reports, Meta, the social and metaverse company, has not finalized the budgets for its internal teams, meaning that some of them could be affected by a new round of layoffs.
Meta, the company that owns Whatsapp, Instagram, and Facebook, is reportedly preparing to announce a new round of layoffs in the coming days. According to reports, the company is delaying the finalization of the budget for each one of its teams, causing operational delays and affecting the output of employees of the company.Meta, the social media company, may be looking to trim more of its workforce in the near future.
The move, which is currently called “the flattening” internally, is also affecting the morale of the employees, who criticized how the vision for the “year of efficiency,” a term used by Meta CEO Mark Zuckerberg to describe the goals of the company for 2023, is being executed. One employee stated: One of the key employees of the metaverse and virtual reality division of the company, John Carmack,
The company is now targeting middle management employees, who are being asked to step down to non-management roles, or abandon the company, according to the same reports.
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