Zuckerberg says 'success isn't a given' in memo to employees amid Meta layoffs
Mark Zuckerberg addressed Meta employees in a memo, emphasizing the company's transformation to enhance talent impact. Despite recent layoffs and a significant drop in employee ratings, he reassured staff that no further company-wide layoffs are expected this year. Zuckerberg acknowledged the need for improved communication within the organization.
- ▪Meta has conducted several layoffs this year, with more expected in the coming months.
- ▪Employee ratings at Meta have dropped significantly, with a 25% decline since mid-2024.
- ▪Zuckerberg stated that executives do not anticipate additional layoffs this year and aim to improve communication.
Opening excerpt (first ~120 words) tap to expand
"We're transforming our company to make sure it will always be the best place for talented people to have the greatest impact," Zuckerberg said. "People tell us that they appreciate the ability to take greater ownership and execute their vision with less bureaucracy and management to navigate." The job cuts come at a time of intense anxiety for Meta employees, as the Facebook-parent has already conducted several layoffs this year. Another potential round is expected in August, followed by another during the fall, sources previously told CNBC.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at CNBC — Top.
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