Meta/FB: On second thought, we're downsizing again

Meta plans to push some leaders into lower-level roles without direct reports, flattening the layers of management between Meta CEO Mark Zuckerberg and the company’s interns, according to a person familiar with the matter who spoke on the condition of anonymity because they were not authorized to speak about internal matters. Other managers may end up overseeing a higher number of employees as their teams grow bigger. Some inside Meta expect employees whose jobs have been converted to eventually quit, trimming the company’s workforce by default.

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In addition to targeting managers, the company is also considering more traditional cuts, including slashing some projects and jobs, the person said. These efforts, which are targeted at divisions across the company and around the world, may not happen on a single day, but will likely roll out across the company in the coming months.

The job eliminations arrive after Zuckerberg sought to reassure workers that he didn’t “anticipate more layoffs” after the company slashed 11,000 jobs — roughly 13 percent of its workforce — in November.

[The Big Tech headcount reductions are getting too big to ignore. They must be seeing a contraction coming ahead, at least in their industry, but it seems likely that any such contraction will have a broader impact on the overall economy. Plus, these layoffs make the January jobs report numbers seem even shakier. — Ed]

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