Many of the managers and directors of Meta Platforms Inc. are being asked to transition to individual contributor jobs or leave the company as it tries to become more efficient, according to people familiar with the matter.
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Click here to see other videos from our team. The process is known as flattening internally, so try refreshing your browser, or The process is known as a flattening, the people said. The people who asked not to be named discussing a matter that wasn't public said that higher-level managers are sharing the directive with their subordinates in the coming weeks, separate from the company's regular performance reviews that are currently underway. Individual contributors aren't in charge of others and instead focus on tasks like coding, designing and research.
In November, Meta, which is the company that owns Facebook and Instagram, fired 13 per cent of its staff during its first major layoff. The people said that the people have faced intense anxiety about the potential for future cuts in the months since. Mark Zuckerberg, CEO of Meta, said during the company's earnings report this month that he still felt the organization was too slow-moving and bloated. He called 2023 the Year of Efficiency and pledged to cut middle-managers and underperforming projects.