- While Meta (Facebook) employees had anticipated widespread layoffs for months, many were blindsided by the severity of last week’s 11,000 terminations.
- In a manager-only Zoom call, CEO Mark Zuckerberg cited slowing growth and increasing competition but didn’t provide clarity on how layoffs were decided.
- Layoffs occurred across all divisions and included VPs, Directors and high-performers.
- Several employees voiced frustration with Zuckerberg for allocating billions to unproven augmented-reality ‘metaverse’ projects over the last year.
- Pre-layoffs, Meta had 76,000 total employees; 15,000 joined since last year.
