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Mega mayhem at Meta: Zuckerberg to layoff scores more in latest iteration of downsizing

Under Zuckerberg’s leadership, Meta has initiated a significant efficiency drive characterised by multiple layoffs and eliminating several management layers. Reports indicate that Meta’s headcount decreased by 22 per cent year-over-year

In a recent podcast appearance, Meta CEO Mark Zuckerberg provided insights into the ongoing wave of layoffs in the tech industry, shedding light on the reasons behind this persistent trend. Zuckerberg attributed the continued layoffs to a broader paradigm shift among companies towards leaner operations and ongoing adjustments in response to the post-pandemic landscape.

Zuckerberg spoke of thre the evolving mindset within the tech sector, emphasizing that companies increasingly recognise the advantages of operating with fewer employees. He clarified that this shift isn’t merely a reaction to over-hiring but a strategic move aimed at enhancing efficiency and effectiveness following the challenges brought by the pandemic.

Read More: Firstpost

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