Today, a few teams at Meta are making changes to ensure resources are aligned with their long-term strategic goals and location strategy. This includes moving some teams to different locations, and moving some employees to different roles. In situations like this when a role is eliminated, we work hard to find other opportunities for impacted employees.
Last year, Meta culled around 20,000 roles, as part of its 'Year of Efficiency' push, with the justification being that Meta has become too bloated, particularly in the wake of the COVID downturn, and therefore needed to refocus and realign itself with modern market requirements.
Yet, at the same time, Meta's financial performance has remained strong throughout. Meta generated $134 billion in revenue in 2023, a 16% increase year-over-year, and it's on track to see similar increases again in 2024.
Collection
[
|
...
]