Mark Zuckerberg, Meta’s chief executive, has declared that 2023 will be the “year of efficiency” at his company. So far, efficiency has translated into mass layoffs. He has conducted two rounds of cuts over the past six months, with two more to come; these will eliminate more than 21,000 people. Mr. Zuckerberg is also closing 5,000 open positions, which amounts to 30 percent of his company’s work force.
At the same time, some of Meta’s top executives have moved away and are managing large parts of the Silicon Valley company from their new homes in places like London and Tel Aviv.
[Source.](https://www.nytimes.com/2023/04/12/technology/meta-layoffs-employees-management.html)
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Mark Zuckerberg, Meta’s chief executive, has declared that 2023 will be the “year of efficiency” at his company. So far, efficiency has translated into mass layoffs. He has conducted two rounds of cuts over the past six months, with two more to come; these will eliminate more than 21,000 people. Mr. Zuckerberg is also closing 5,000 open positions, which amounts to 30 percent of his company’s work force.
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At the same time, some of Meta’s top executives have moved away and are managing large parts of the Silicon Valley company from their new homes in places like London and Tel Aviv.
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