Meta Layoffs: Zuckerberg's Firm Plans To Fire VPs Amid Restructuring, Says Report
Meta Layoffs: Last year, the number of vice presidents at Meta reached its highest ever, with approximately 300 individuals bearing that title, according to the publication’s report
Meta Layoffs: Meta's top executives are reportedly experiencing pressure to maintain efficiency. The tech giant is contemplating reducing its number of vice presidents in the company, according to a report by Business Insider citing sources.
As CEO Mark Zuckerberg integrates a year marked by efficiency—during which over 20,000 Meta employees were let go—as a "permanent fixture" in Meta's operations, executives are not immune to heightened performance expectations and continuous restructuring, resulting in gradual reductions in teams.
Last year, the number of vice presidents at Meta reached its highest ever, with approximately 300 individuals bearing that title, according to the publication’s report. This figure surged from around 180 individuals in the preceding years.
A small number of vice presidents departed from the company in anticipation of a subsequent wave of widespread layoffs last year. As stated in the report, Zuckerberg aims to reduce the overall number of Vice Presidents at Meta to approximately 250. The Vice President title encompasses five hierarchical levels.
"The overall goal is still to reduce the people in the middle and at the top and increase the people on the bottom. It's getting middle-heavy and top-heavy again,” a person familiar with the matter told Business Insider.
Last year, Zuckerberg expressed his preference to move away from a corporate structure characterised by "managers overseeing managers," prompting Meta to embark on a process of streamlining specific reporting structures. However, Meta also upheld a practice internally known as "lagged promotions" throughout the year. This practice involved individuals awaiting promotion to a higher level, often assuming new responsibilities for a year before their official title change. Consequently, this approach resulted in some expansion within management and executive levels, which did not entirely align with the envisioned trajectory of perpetual efficiency in this new era, according to the publication’s report citing sources.
Also Read: Microsoft Layoffs: Firm Fires Nearly 1,500 Employees From Different Departments