TECH - Zuckerberg Targets Meta's Top Brass In Planned Job Cuts As His Wealth Hits $181B Stock Price Soars | Benzinga
More job cuts could be on the way at Meta Platforms (NASDAQ:META) as the company continues to exercise on its "year of efficiency" goals outlined previously.
What Happened: Meta Platforms has been looking to trim its employee count for certain business lines and more cuts appear to be here.
The company's "year of efficiency" efforts have become more permanent, according to a report from Business Insider.
The report states that the company has hundreds of vice presidents and is looking to trim the number down. After having around 180 vice presidents in previous years, the number ballooned to 300 last year, according to the report.
According to sources cited in the report, Meta CEO Mark Zuckerberg has decided to streamline the leadership by reducing the number to 250 vice presidents for the ...