2023-05-02 20:07:00
The newspaper confirmed, “The company’s successive stumbles have made Zuckerberg lose faith in Meta employees in his ability to see the company’s future clearly.”
She added that the continuous losses of the artificial intelligence technology development sector, which reached more than $13 billion during 2022, in addition to the decline in revenues from the sector, and Mita’s follow-up to the policy of reducing the company’s employment to reduce losses, with the total of the laid-offs reaching 21 thousand employees, which led to Staff and management lost confidence in Zuckerberg.
The newspaper met 24 former and current employees of the company, and they all spoke to her anonymously to avoid being sued by the company.
new meta strategy
And one of the employees explained to the American newspaper that after many years of applying the “Meta” strategy “Move Fast, Break Things”, it turned towards a new strategy that “depends on breaking things as well, but moving slowly.”
The “policy of slow steps” aims mainly at not stumbling, especially with the intense competition that its platforms face in front of “Tik Tok”, in addition to the turmoil of the global economy and the decline in spending, in addition to that “the inability of Mita to keep pace with the rapid movements of competitors in the generative artificial intelligence market.” The company did not bring any of its products to the market.
The “Washington Post” indicated that “Meta” has so far only announced the development of a huge language model, with promises that the benefits of this model will begin to arrive in the form of new tools and services on the “Facebook” and “Instagram” platforms, as well as advantages for “Messenger”, and WhatsApp, in addition to advanced tools by the end of the year.
successive waves of layoffs
The Washington Post said that the layoffs of thousands of employees, although it contributed to increasing investor confidence in Meta, was one of the most important reasons for the decline in the confidence of current employees in the Zuckerberg administration.
And some sources told the “Washington Post” that Andrew Bosworth, technical director at Meta, announced during a company meeting last month that Zuckerberg made decisions to hire new employees, at a rate of 41,000 employees during the Corona crisis, despite the opposition of some executives, Also, the founder of Meta did not heed their advice about laying off some employees.
The report indicated that Zuckerberg was personally involved in the layoffs, and that he assigned a team of senior managers of the company along with a number of officials in the finance, legal affairs, and human resources departments the task of layoffs, in an attempt to rebuild the company’s administrative structure and make it more effective and efficient.
Declining trust… and a “feeling of betrayal”
According to the report, an internal opinion poll last October revealed a decrease in the confidence of Mita employees in the management. The survey showed that only 31 percent of employees trust the management, down from 42 percent in February of last year.
A current employee of the company confirmed that the company’s team has always had a sense of belonging and a sense that it is their company, and they were always ready to defend it in the most difficult times, as the company was being criticized, but that “changed after the waves of layoffs, so the employees had a feeling of betrayal.”
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