The site is in chaos as Meta moves toward its second large-scale layoff

Meta's CEO Mark Zuckerberg declared in November 2022 that ``2023 is the year of efficiency'' and cut 11,000 jobs. And it is reported that Meta is planning to reduce the number of personnel for the second time in 2023, and as a result, the final decision on the budget for each department has not been made, causing confusion on the site.

Meta delays setting team budgets as it plans fresh round of job cuts | Financial Times
https://www.ft.com/content/3f3c3fe7-fedd-4fcd-a3d9-6ce44fe56e08

'Mess' Reported at Meta as New Layoffs Planned |
https://www.pymnts.com/meta/2023/mess-reported-at-meta-as-company-plans-new-layoffs/

Meta delays setting team budgets as Facebook parent plans fresh round of layoffs, Financial Times reports | Reuters
https://www.reuters.com/technology/meta-delays-setting-team-budgets-facebook-parent-plans-fresh-round-layoffs-ft-2023-02-11/

In November 2022, Meta announced that it would lay off 11,000 people, about 13% of its total workforce.

CEO Mark Zuckerberg announces that he will dismiss 11,000 people, which is about 13% of Meta employees, admits that he misunderstood the growth trend of e-commerce - GIGAZINE

by Anthony Quintano

A Meta employee told the Financial Times that since the beginning of 2023, decisions about budgets and future staffing have been delayed, preventing managers from planning future jobs and allowing them to work. It is said that he is complaining that he is not in a state. Even in businesses that are prioritized within Meta, such as the Metaverse and advertising, projects and decisions that would normally take a few days are taking as long as a month in some cases. The certainty seems to have demotivated the workers in the field.

The employee who testified said, 'To be honest, it's still in the middle of chaos in February. CEO Zuckerberg's 'Year of Efficiency' means that many employees get paid without doing anything. We are kicking off with,” he said.

According to the Financial Times, this delay in budgeting and staffing decisions is due to Meta planning further layoffs. CEO Zuckerberg said at the financial results briefing, ``By removing some middle managers, we are planning to flatten the organizational structure and make decisions more quickly.'' He showed a willingness to reduce the low projects more aggressively.

At the same time, CEO Zuckerberg said that Reality Lab, which is promoting metaverse-related projects, should be prepared to continue to make a loss in 2023, saying, ``It is important not to think of Reality Lab as one thing. It's long term, and VR is slowly creeping up, and Metaverse software development has the least budget surge, because it's not capital intensive to build software. Within the field, we are doing a lot of things.'

PYMNTS, an IT news site, points out that Zuckerberg's stance is to alleviate investors' concerns that Meta is focusing too much on virtual reality (VR). In fact, investors' concerns that ``CEO Zuckerberg is focusing too much on Metaverse's ambitions at the expense of Meta's core businesses, including advertising and SNS management,'' are appearing in the stock price, and will be announced in October 2022. Immediately after reporting the financial results for the third quarter in May , the stock price fell about 20% in after-hours trading , and severe evaluations were cast.

Financial Times and PYMNTS requested comments from Meta about the series of reports, but they said that there was no response.