Mark Zuckerberg Defends His Meta’s Leadership after the Company Announced a New Layoff
Syed Imran Haider 
Last week Meta announced a new layoff, affecting 10,000 employees in months-long downsizing efforts. Mark Zuckerberg, CEO at Meta, conducted a staff-wide meeting on Thursday and tried to defend his leadership of the company. He faced many questions, including how the employees should trust him for future matters.
Meta workers have reportedly grilled the chief executive at an all-hands meeting following the downsizing. They asked Zuckerberg how the social media giant expects its workers to trust the management after two phases of layoffs. The CEO says Meta’s employees can evaluate him based on the company’s transparency and performance of its mission. However, they should allow the leaders to modify their thinking.
Meta’s Restructuring & Layoff Plans
The Washington Post obtained the town hall’s audio live stream by Meta’s chief executive. He would speculate that the way individuals evaluate whether or not they trust him and want to work at Meta is whether it succeeds in progressing toward the overall goals. He thinks a lot of the results the company could deliver.
The hour-long meeting regarding why Meta announced a company-wide restructuring and downsizing plan seemed to be a defending effort of the CEO. Mark Zuckerberg told the digital media at the conference last year that he did not hope to have to downsize again for the foreseeable future.
According to Mark Zuckerberg, the overall financial pressure the company may face for a while will change what the CEO thinks. He witnessed that the November layoff has enhanced Meta’s efficiency, though he believes it is a fair query.
Zuckerberg Comments Following the Layoff
Mark Zuckerberg commented on the latest situation following his announcement of another layoff. The company would cut more employees and close around 5,000 open roles in the next few months as a part of a more significant effort to reduce the costs and flatten its hierarchy in mounting business pressures.
Meta slashed 11,000 jobs or 13 percent of its workforce in the previous employee cuts in November. It was the first widespread layoff in Meta’s history. Earlier this year, Zuckerberg announced that the social media giant expects 2023 to be the year of efficiency after months of reducing revenue.
Meta makes most of its revenue from digital marketing. It has started facing intensified competition for public dollars and users from new applicants in the social media market, such as TikTok. The company also acknowledged it overestimated how much the social media market could grow after pandemic-era organizations rolled back restrictions.
During the organization-wide meeting at the town hall on Thursday, the CEO also responded to a query regarding upcoming prospects of remote effort. An early analysis confirmed that engineers joining Meta as in-person workers and subsequently getting transferred to a remote position or remailed at the company performed better than those who joined the organization remotely.
The latest downsizing spree at tech giants has sparked concerns around dotcom crash 2.0. Mark Zuckerberg did not announce making new rules to mandate individuals return to the company for a specific time, though he said it would be a continued conversation.
