Sharing updates on Meta’s “Year of Efficiency” with employees on Facebook recently, CEO Mark Zuckerberg says he expects “to reduce our team size by around 10,000 people and to close around 5,000 additional open roles that we haven’t yet hired.” That’s on top of 11,000 people let go late last year.
The employee layoffs at Meta are one of many occurring recently at technology companies.
Asked for comment on the restructuring by NTD News, Genesis10 CEO Harley Lippman said that Meta is not getting the balance correct. “It’s feast to famine. They’re going from one extreme (hiring) to another (firing). That’s not just Meta. It’s happening in a lot of companies.”
During the interview, Lippman also spoke to Zuckerberg’s thinking on such organizational principles as “leaner is better” and “flatter is faster.”
The “pros” of a flat organization is economics,” Lippman said. “The idea in theory is that there’s less bureaucracy and more efficiency. But the downside is that you can’t do it all. The layers of management are there for a reason.”
Lippman is on SIA’s 2023 North American Staffing Leaders list. He’s recognized as a Best CEO for Diversity and a Best CEO for Women. Genesis10 has received Best of Staffing Client and Best of Staffing Employee Awards.