Facebook to Lay Off 10,000 More Employees

Mark Zuckerberg, in a company-wide memo:

Here’s the timeline you should expect: over the next couple of months, org leaders will announce restructuring plans focused on flattening our orgs, canceling lower priority projects, and reducing our hiring rates. With less hiring, I’ve made the difficult decision to further reduce the size of our recruiting team. We will let recruiting team members know tomorrow whether they’re impacted. We expect to announce restructurings and layoffs in our tech groups in late April, and then our business groups in late May. In a small number of cases, it may take through the end of the year to complete these changes. Our timelines for international teams will also look different, and local leaders will follow up with more details. Overall, we expect 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.

Keep in mind that Facebook’s headcount increased 2.4× (from 36K to 87K) between 2018 and 2022.

Leaner is better

Since we reduced our workforce last year, one surprising result is that many things have gone faster. In retrospect, I underestimated the indirect costs of lower priority projects.

It seems like someone should have bought Zuckerberg a copy of Fred Brooks’s The Mythical Man Month a few years ago.

Wednesday, 15 March 2023