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Internal memo: Mark Zuckerberg told employees that he does not expect more company-wide layoffs this year

Katie Paul /Reuters:

Reuters Katie Paul

Discussion

  • @mikeisaac Rat King on x
    have been told indeed for the past month or so it's been hard for people at Meta to actually get any work done b/c why bother? also some would sign off meetings with gallows humor, joking about not knowing whether they'd all be there to finish a project https://x.com/...
  • @josh_avraham Josh Avraham on x
    @MikeIsaac I think it'd be better for meta and employees if they just had fixed length contracts. Seems hard to get work done when company-wide layoffs are happening every month and your goal is to remain employed instead of accomplishing useful things
  • @mikeisaac Rat King on x
    someone smarter than me relayed the point that in 2023, which MZ called “the year of efficiency,” some knew layoffs came amid an overall digital advertising industry downturn (see my '23 article below) contrast that with Meta reporting record revenues last quarter [image]
  • @waynema Wayne Ma on x
    @SemiAnalysis_ Zuckerberg's post comes after Meta cut about 10% of its staff today. He added in the post that the move was was necessary for industry changes ahead.
  • @mikeisaac Rat King on x
    full text of Mark Zuckerberg's memo to employees this morning, per sources (my signal username is MikeIsaac.38 if you work at Meta and want to get in touch) [image]
  • @semianalysis_ @semianalysis_ on x
    Sources have told SemiAnalysis that Mark Zuckerberg posted internally at Meta this morning: “I want to be clear that we do not expect other company-wide layoffs this year.”
  • @mikeisaac Rat King on x
    this, in my opinion, is one of those moments where i think meta execs knew it would be a huge hit morale-wise and probably would be like 2023's “year of efficiency” for a while but could weather it perhaps b/c i'm too close to it re: sources, but vibes feel markedly worse
  • @mikeisaac Rat King on x
    sources knew it would be bad but am already hearing how much of a “bloodbath” it is at meta right now with layoffs and morale taking a brutalizing
  • @mikeisaac Rat King on x
    in his email Zuckerberg says “we do not expect other company-wide layoffs this year” i think “company wide” is probably an important modifier here but we will see i guess
  • @mikeisaac Rat King on x
    Zuckerberg just sent out a company wide email addressing the layoffs, which i've obtained from a few sources in it he expresses his “gratitude” and that it's “sad” to say goodbye to folks but that now is the most “dynamic” he's seen teh industry and that “success isnt a given”
  • @mikeisaac Rat King on x
    am told that people hired as recently as a month ago are getting laid off.
  • @politicopress @politicopress on x
    EXCLUSIVE: OpenAI's top lobbyist is setting national AI policy state-by-state. “What we're trying to do is use a bunch of the big states to mirror each other to de facto create a national standard,” Chris Lehane told POLITICO. More from @BrendanBordelon: https://www.politico.com/…
  • @sm_techb3aute @sm_techb3aute on x
    Noticed a lot of senior employees at Meta are resigning right before big corporate layoff waves lately 👀 Genuinely curious... what's the strategy here?  Because walking away days before layoffs usually means you're giving up things like severance eligibility and unemployment bene…
  • r/technology r on reddit
    Meta Begins Laying Off 8,000 Employees Amid A.I. Transformation
  • r/technology r on reddit
    Meta is rapidly reorganizing its workers' jobs around AI: 'Transfers aren't optional'
  • @rebeccakkatz Rebecca Katz on x
    Yesterday, Meta poured $950K into an effort to help elect Becerra & tear down Tom Steyer, who they know will hold Big Tech accountable. Just hours later, Meta informed 8K employees of devastating mass layoffs impacting their families and futures, cutting their jobs in favor of [i…
  • @sensanders Sen. Bernie Sanders on x
    Today, Meta is firing thousands of workers to replace them with AI. If Mark Zuckerberg is willing to lay off 10% of his own employees, what do you think his AI will do to the average American worker?
  • @adrianweckler Adrian Weckler on x
    Number to be cut in Ireland is 2x that of other places — ‘up to’ ~20% (350 people) Biggest multinational cull I can recall in a while. (Means Meta shrunk by half in Dublin last 3 years.) Add ~700 Irish Covalen jobs (Meta outsourcing here) = over 1,000 Meta-related jobs gone
  • @compliantvc Henrick Johansson on x
    Laying off people without their consent is a major labour law violation Expect another $1.2 billion fine from the EU, Mr. Zuckerberg
  • @tomsteyer Tom Steyer on x
    5pm today: Meta gives $950K for @XavierBecerra 4am tomorrow: Meta lays off 10% of workforce Mark Zuckerberg wants a friend in Sacramento. I won't be. [image]
  • @tomsteyer Tom Steyer on x
    Why did Meta and Airbnb give $3M combined to elect Xavier Becerra just yesterday? Same reason Chevron, PG&E, and the insurance lobby did. They know he'll protect their profits. They know I won't.
  • @adrianweckler Adrian Weckler on x
    Meta has formally informed the Irish government of its plans to lay people off here. It wants company cuts of 10% and it employs 1,800 here (40% less than 3 years ago) Comes just after record quarterly profits of $ 26bn — almost $ 1bn every three days https://www.independent.ie/.…
  • @emilydreyfuss Emily Dreyfuss on x
    Many of the Meta employees I'm in touch with are describing higher than 10 percent laid off from their specific teams. We'll see how it shakes out across the whole org. But so many people are RELIEVED.
  • @mikeisaac Rat King on x
    as Mark Zuckerberg fires ten percent of his workforce b/c of artificial intelligence investments, employees are using Meta's own A.I. to deal with the sting listen to these A.I.-generated layoff songs created and shared internally by employees https://www.nytimes.com/...
  • @loudmouthjulia Julia Alexander on x
    The vibes are rancid. And as Derek Thompson recently noted on his podcast, vibes may not be as quantifying as pure data, but they are a ~data point~ worth paying attention to — and as the wealth gap continues to grow, with no new jobs in the sector, vibes'll only get more putrid
  • @loudmouthjulia Julia Alexander on x
    Doesn't help that many of the laid off folks I've talked to are furious that they've spent the last several months training Meta's AI tools to effectively do their jobs, all while helping the company reach record profits, and then get laid off via ‘[insert here]’ email template.
  • @matthewstoller Matt Stoller on x
    The leopard ate THEIR face? No way.
  • @jeremybernier Jeremy Bernier on x
    I just got laid off from Meta. Obviously it sucks to lose the income. But between the never-ending layoffs, stack ranking, etc., I'm good. Pretty convinced that when I look back at this moment a few years into the future, I'll be grateful it happened. There's a lot I want to
  • @emilydreyfuss Emily Dreyfuss on x
    The most upset Meta source I have is a person who had been “praying to Poseidon” last night (while on a boat) to get laid off, only to find out this morning that they are one of two people left on their team. Poseidon betrayal.
  • @championswimmer Arnav Gupta on x
    @MikeIsaac I was not here back then, but I know many who were. The difference is 2022-23, employees understood there were external factors that the company was powerless against. I don't think the employees agree this time around that this was unavoidable.
  • @jeremybernier Jeremy Bernier on x
    Here was my last Workplace post in the “Shitposting” group the night before the mass layoffs: In the end, it doesn't even matter I was incline benching 155 lbs in the packed MPK gym this evening while some Metabrothers were standing in front of me waiting for the squat rack,
  • @emilydreyfuss Emily Dreyfuss on x
    Update: This employee was laid off.  “It is a huge financial bummer but the rest of it is honestly great.  I'm definitely relieved.”  [link] [Quote post: “Today I published an interview with an anonymous Meta employee who has worked at the company for over a decade and wanted, fo…
  • @drewpusateri Drew Pusateri on x
    Meta had many of the smartest, most thoughtful and hardest working ppl I've ever worked w (many of whom I'm still lucky to call friends and colleagues). Can guarantee some real talent will be shed with today's layoffs and other workplaces would be lucky to snap it up.
  • r/bayarea r on reddit
    Meta Begins Job Cuts in Efficiency Push Spurred On by AI