Meta has started and reorganizing teams to cut costs, according to a new report in The Wall Street Journal. The company doesn’t appear to want to portray the changes as layoffs, instead reportedly “quietly laying off a significant number of employees” as it prepares for larger cuts.
It’s not clear how many meta employees have been affected so far. According to the message. Meta has allowed employees to apply for new positions within the company, but employees only have a 30-day window to do so. The result acc The diaryis that “employees with good reputations and strong performance reviews are routinely displaced”.
Meta has been signaling for some time that it will be downsizing and cutting projects while operating amid what Mark Zuckerberg has described as an “economic downturn.” The CEO warned during the company’s most recent conference call that Meta would delay hiring and needed to “do more with fewer resources.”