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HomeCURRENT AFFAIRSBUSINESSManagers managing Managers: Zuckerberg hints more lay-offs in offing at Microsoft

Managers managing Managers: Zuckerberg hints more lay-offs in offing at Microsoft

At a recent corporate meeting, months after the company cut more than 11,000 workers, Meta CEO Mark Zuckerberg made a suggestion that there would be additional layoffs. According to reports, Mr. Zuckerburg disagrees with “managing managers” and believes that managers who grow their teams should not be paid.

Mark Zugerberg hints at more lay-offs

Zuckerberg was quoted as telling The Verge’s newspaper
“I don’t think you want a management structure that’s just managers managing managers, managing managers, managing managers, managing the people who are doing the work,”
When considered in light of the Chief Product Officer of Meta’s remarks from last month, the likelihood of layoffs seemed even more likely. According to Mashable India, Chris Cox has highlighted the potential “fattening” of the organisational structure on the Workplace communication platform.
According to reports, Mark Zuckerberg also spoke about the creation of ChatGPT-like AI tools that will help both engineers and non-engineers with coding in the future.

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Pays Buzfeed Millions of Dollars to bring more creators

The parent firm of Facebook reportedly paid BuzzFeed millions of dollars last year to “attract more artists” to Meta’s platforms, according to The Wall Street Journal. The agreement, allegedly worth approximately $10 million, calls for BuzzFeed to assist Meta in producing original content and in training producers to expand their online presence.
The first and largest layoffs in Meta history occurred in November of last year, when 13% of its personnel was let go. With decades-high inflation and swiftly rising interest rates, the pandemic-driven boom that raised the value of tech businesses has collapsed.

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