- Nayanthara starts her own cosmetic brand, names it ‘9 Skin’
- PM Modi to launch week-long programme for aspirational blocks on Sep 30
- Apple asks US Supreme Court to strike down Epic Games order
- K’taka bandh likely to hit normal life amid govt’s effort to minimise impact
- Michael Gambon, who played Dumbledore in ‘Harry Potter’, passes away at 82
- Am free man, can go anywhere: Sourav Ganguly on his trip to Spain with CM
- Neobanking startup Fi cuts 10% of its staff in restructuring exercise
- Congress mulling idea to drop several sitting MLAs in Rajasthan after internal survey shows anti-incumbency
- Will you resign if nothing found in probe, Kejriwal asks PM Modi over house renovation row
- Bengal school job case: ED summons Abhishek Banerjee again on Oct 3
After layoffs, Zuckerberg now wants 2023 to be 'year of efficiency'
After laying off 11,000 employees, Meta Founder and CEO Mark Zuckerberg now wants 2023 to be the "year of efficiency".
In his quarterly earnings call with analysts late on Wednesday, Zuckerberg said that "I just think we've entered somewhat of a phase change for the company".
He said that global headcount steadily climbed for nearly two decades, making it "very hard to really crank on efficiency while you're growing that quickly".
After the layoffs, Zuckerberg said he is focused on "increasing the efficiency of how we make decisions".
Meanwhile, Zuckerberg has now reportedly put middle managers at the company on notice.
According to the newsletter Command Line by The Verge's Alex Heath, Zuckerberg warned managers at a recent all-hands meeting.
"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," the Meta CEO apparently told them.