Summarize: It’s been a tough year for Meta. The tech giant has been faced with plummeting shares, frozen hiring, large-scale revenue, and a failed project into the crypto space. During a recent Q&A with employees, CEO Mark Zuckerberg discussed changes in the company’s focus, management style, and employee expectations. Unfortunately for Meta employees, the expectation being communicated is that many of them may no longer be needed or are not welcome.
Transparent meetingZuckerberg bluntly told Workforce Meta that “…some of you might decide this isn’t the place for you and I’ll make my own.”
The statement highlighted the company’s need for additional economic hardship and coincided with a ~30% reduction in planned headcount by 2022, down from the original 10,000 target to between 6,000 and 6,000. 7,000 employees this year.
Zuckerberg’s focus on increasing performance and reducing hiring is designed to weed out underperforming people and those unable to meet Meta’s new performance goals.
His statements are based on Meta CPO Chris Cox’s, whose pre-meeting memo to staff states Meta’s intentions are to “rude priorities” and “run neat teams” more, simpler, better execution.”
Despite the personnel and management changes, Cox’s memo also emphasizes that Meta needs to expand the number of GPUs in its data centers to support their TikTok-style app, Reels, as well as provide Powers the AI that displays the popular feeds from Facebook and Instagram of the users accounts.
In addition to Meta’s current social media-based offerings, the company’s hardware division has focused on providing mixed reality headset to the market. Nicknamed “Cambria”, the next-generation headset is said to feature 16 cameras as well as eye and face tracking capabilities. The headphones are set to launch in the second half of 2022 with prices rumored to start at $799.
Many of the changes are meant to help Meta regain its footing and grow revenue for the rest of the year and beyond. Zuckerberg’s and colleagues. Strong words may be designed to appeal to investors and shareholders, but will certainly prompt Meta employees to edit their profile or look for other safer, more stable opportunities. And from the sound of it, they should. Statements like these are not simply a warning that change is coming, but a sign that change is already here and casualties are inevitable.