Meta is laying off Approximately 3000 employees

Meta is laying off Approximately 3000 employees

Meta is laying off Approximately 3000 employees, and it is 5% of its overall workforce, doing so meta is expecting power boost in focus, high performance and preparing for AI investments.

Meta plans to layoff 3000 workers which will be around 5% deduction of its workspace.

CEO Mark Zuckerberg focusing his attention on raising the company’s worker performance standard with a fear of firing lazy workers.

These layoffs are impacting other big companies like Microsoft , Google  and other major tech companies. This strategy comes at a price of its own after these layoffs Meta’s employees  are reporting for their anxiety and fear within the workplace. 

This plan is projecting a similar idea like the Culture of fear, a novel written by George Orwell in 1984 depicts a culture of fear where the government has total control over its citizens.

Some concerns also arise regarding performance based cuts on future opportunities among the employees.

Let’s see some key insights of this plan of Mark Zuckerberg:

Strategic change: We can see that Meta is giving more attention and prioritizing high performance alongside keeping a pace with what market demands, especially AI. These changes show that a tycoon company trend where only performance matters means that efficiency is the key if you want to stay and work for these companies.

Internal Pressure: This sudden change mostly affects employees as their workplace became more tense and fearful not to mention there loyalty to the company will be compromised if they did not do their jobs more efficiently this surely will upbring stress and anxiety on another level.

Cultural Impact: The workplace is being changed into a gloomy space. Some are referring to this as dystopian literature. This will bring change into employees emotional health and may also affect their overall health due to this sudden shift, fear of being left behind and performance pressure.

Reputation Risks: Introducing these layoffs  as performance related change could destroy employees’ reputations, which will make the next generation  suffer because it will create difficult and challenging opportunities.

Industry Trends: These actions of meta are part of a wider trend in tech industries, showing how many big companies like Microsoft, Google also reduced their workforce for rapid growth during the covid pandemic.

Meta investments are focused in AI development because of that it is highly likely that their workforce will be changing over the course of the coming future.