Sources: Meta managers built up “kingdoms” as headcount surged, before layoffs led to an unprecedented morale crisis and lower confidence in Mark Zuckerberg
Roiled by waves of layoffs and a costly investment in the metaverse, many insiders say the Facebook founder has lost his vision — and the trust of his workforce Mastodon: @atomicpoet@mastodon.social . Tweets: @naominixwrites , @deepakadk , @altcap , @wadhwa , @jason_kint , @naominixwrites , @naominixwrites , @sarthakgh , @hzhu_ , @goldman , @rohunjauhar , @washingtonpost , @producercities , @dcemerald , and @drbenahmad Mastodon: Chris Trottier / @atomicpoet@mastodon.social : Wall Street might be buying into what Zuckerberg is doing with Meta. — But inside Meta, it's a different story. Morale is shot. Even at the executive level, people question Zuckerberg's decisions. … Tweets: @naominixwrites : I spoke to more than two dozen current and former Meta employees about the morale crisis boiling inside one of Silicon Valley's biggest symbols of success. https://www.washingtonpost.com/ ... Deepak Adhikari / @deepakadk : Roiled by waves of layoffs and a costly investment in the metaverse, many insiders say Facebook founder Mark Zuckerberg has lost his vision — and the trust of his workforce .@NaomiNixWrites on the crisis inside Meta https://www.washingtonpost.com/ ... Brad Gerstner / @altcap : Out of touch, “anonymous” @washingtonpost hatchet job on Zuck. All in SV know the best employees @META are fired up. Company is focused on AI, got lean and got fast - stock doubled! Sure, anon employees who liked the bloated, lazy, pretend work from home are complaining - good. https://twitter.com/... Vivek Wadhwa / @wadhwa : How Mark Zuckerberg broke Meta's workforce ...by @NaomiNixWrites https://www.washingtonpost.com/ ... Employees are indeed losing confidence, especially after Zuckerberg sold his soul Jason Kint / @jason_kint : Hey, a real report and well covered. Couldn't believe last week when another outlet labeled facebook as potentially the greatest business comeback in history. Good to see some probing - and this doesn't even get into the causes of its core biz model erosion. https://twitter.com/... @naominixwrites : I also heard a lot of anger and resentment at who was (or wasn't) being held accountable. They think their CEO —with the help of senior execs — made costly mistakes that exacerbated its financial troubles including over hiring and lack of discipline at reality labs among others @naominixwrites : I also heard from many people who were confused about the company's vision and priorities. To be clear: Zuckergberg might have an outstanding year on Wall Street in 2023/2024. But many workers say the trust they had for their CEO has been damaged in ways that are hard to fix. Sar Haribhakti / @sarthakgh : Wash Post needs to deploy its expert team of advisors to advice Zuck on how to run one of the most successful companies to ever exist and serve over 3 billion people without charging them a dime while making more in a week than the entire media industry makes in a quarter https://twitter.com/... @hzhu_ : Meta CTO openly criticized its founder CEO boss during a company meeting for previous reckless hiring in spite of objections from senior executives. More $META news on #TickerTick https://tickertick.com/... https://www.techmeme.com/... https://twitter.com/... Jason Goldman / @goldman : Zuck—who has single handedly benefited the most from Elon's year-long aggro draw—finally draws scrutiny. https://www.washingtonpost.com/ ... @rohunjauhar : Zuck is getting all the credit for META stock recovering. The real person leading the charge is Susan Li. took over as CFO last year. watch out for her — she's a killer (in a good way)! https://twitter.com/... @washingtonpost : Roiled by waves of layoffs and a costly investment in the metaverse, many insiders say the Facebook founder has lost his vision — and the trust of his workforce. https://www.washingtonpost.com/ ... Jim Russell / @producercities : How Mark Zuckerberg broke Meta: “It's like they went from ‘move fast & break things’ to ‘slow down, break things,’ then ‘maybe fix it later on a case-by-case’” basis, one of the employees said https://www.washingtonpost.com/ ... @dcemerald : “It's like they went from ‘move fast and break things’ to ‘slow down, break things,’ then ‘maybe fix it later on a case-by-case’” basis, one of the employees said. https://www.washingtonpost.com/ ... Dr. Ben Ahmad / @drbenahmad : #Meta challenges; Stick to the vision despite of its blur A high stock doesn't not mean there is no risk Big hires during the pandemic Layoffs in batches, affecting internal morale #Facebook role in spreading misinformation in the 2016 election https://www.washingtonpost.com/ ...