Mark Zuckerberg initiated the ‘year of savings’ at Meta, but why are many groups of employees ‘playing around’ still receiving regular salaries?

The US tech giant – which laid off 11,000 employees in November 2022 and promised 2023 will be a “year of savings” – is preparing a new round of layoffs, according to the Financial Times.

However, there is a certain inconsistency to this new layoff policy. As a result, deciding which projects to remove will take some time for approval. This period can be a few days, but it can also take up to a month, the Meta employee told the FT.

This has resulted in some departments at Meta who are receiving full pay but not doing any work because their managers cannot plan their work for them.

“Honestly, it’s still a mess,” one employee told the FT. “The savings year is starting with a lot of people getting paid for doing nothing.”

Meta has not yet commented on the incident .

Meta’s “austerity” measures come after CEO Mark Zuckerberg admitted he had overestimated the e-commerce boom and had to cut staff as a “last resort”.

In addition to Meta, a host of other tech giants are also entering deep staff cuts – which have affected 101,000 employees at 340 companies so far, according to layofffs.fyi. That’s not even the final number.

During the business report for the fourth quarter of 2022 on February 1, Meta revealed that the company may continue to lay off employees. With the goal of operational efficiency, Meta even asked some managers and directors to relegate to employee roles — or quit, according to Bloomberg.

“We are flattening our organizational structure and removing some layers of middle management to make decisions faster, as well as implementing AI tools to help our engineers work more efficiently. ,” Zuckerberg said during the release of the financial report.