WFH days over for Meta? What Mark Zuckerberg said amid 2nd round of layoffs

Mark Zuckerberg stated that early analysis suggests engineers who started working in-person before switching to remote or remained in-person performed better than those who started remotely

Livemint
Published14 Mar 2023, 09:16 PM IST
Meta’s Zuckerberg Encourages Employees to Get Back to the Office
Meta’s Zuckerberg Encourages Employees to Get Back to the Office(AFP)

Meta Platforms Inc., formerly Facebook, is urging its employees to return to the office after previously promoting remote work during the pandemic. CEO Mark Zuckerberg on Tuesday stated that early analysis suggests engineers who started working in-person before switching to remote or remained in-person performed better than those who started remotely. 

Some early analysis “suggests that engineers who either joined Meta in-person and then transferred to remote or remained in-person performed better on average than people who joined remotely,” Zuckerberg said in a statement. 

Zuckerberg cautioned that the data requires further study, but encouraged employees to “find more opportunities to work with your colleagues in person” in the meantime.

The company previously allowed employees to work remotely if their jobs permitted it. The return to office policy by Meta Platforms Inc. is in line with other big tech companies such as Apple, Amazon, and Twitter, who are also attempting to encourage employees to return to the office. While companies may cite productivity benefits, some workers may still prefer remote work and may resist the shift back to the office.

Meta to fire 10,000 employees in 2nd round layoff

Meta Platforms would cut 10,000 jobs this year, making it the first Big Tech company to announce a second round of mass layoffs as the industry braces for a deep economic downturn.

In a message to staff, Zuckerberg said most of the cuts would be announced in April and May, though in some cases they would continue through the end of the year.

"For most of our history, we saw rapid revenue growth year after year and had the resources to invest in many new products. But last year was a humbling wake-up call," Zuckerberg wrote.

"I think we should prepare ourselves for the possibility that this new economic reality will continue for many years."

Zuckerberg said he planned to further reduce the size of the recruiting team, which was especially hard-hit in the fall layoffs. Restructurings in the tech group would be announced in late April and cuts to business groups would come in May.

(With inputs from agencies)

Catch all the Business News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:14 Mar 2023, 09:16 PM IST
Business NewsNewsWorldWFH days over for Meta? What Mark Zuckerberg said amid 2nd round of layoffs

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Tata Steel share price

    139.25
    03:59 PM | 13 NOV 2024
    -4.9 (-3.4%)

    Bharat Electronics share price

    281.45
    03:50 PM | 13 NOV 2024
    -8.8 (-3.03%)

    Tata Power share price

    399.05
    03:59 PM | 13 NOV 2024
    -15.2 (-3.67%)

    Tata Motors share price

    786.40
    03:59 PM | 13 NOV 2024
    1.45 (0.18%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    Suzlon Energy share price

    54.08
    03:59 PM | 13 NOV 2024
    -5.31 (-8.94%)

    Rattanindia Enterprises share price

    62.59
    03:58 PM | 13 NOV 2024
    -5.36 (-7.89%)

    Gujarat Narmada Valley Fertilisers & Chemicals share price

    545.95
    03:44 PM | 13 NOV 2024
    -43.85 (-7.43%)

    Motilal Oswal Financial Services share price

    898.15
    03:58 PM | 13 NOV 2024
    -70.5 (-7.28%)
    More from Top Losers

    KNR Constructions share price

    307.80
    03:58 PM | 13 NOV 2024
    23.65 (8.32%)

    Suven Pharmaceuticals share price

    1,259.00
    03:29 PM | 13 NOV 2024
    55.25 (4.59%)

    Piramal Pharma share price

    259.70
    03:52 PM | 13 NOV 2024
    9.15 (3.65%)

    Medplus Health Services share price

    699.50
    03:29 PM | 13 NOV 2024
    23.85 (3.53%)
    More from Top Gainers

    Recommended For You

      More Recommendations

      Gold Prices

      • 24K
      • 22K
      Bangalore
      76,865.000.00
      Chennai
      76,871.000.00
      Delhi
      77,023.000.00
      Kolkata
      76,875.000.00

      Fuel Price

      • Petrol
      • Diesel
      Bangalore
      103.02/L0.00
      Chennai
      100.90/L0.00
      Kolkata
      104.95/L0.00
      New Delhi
      94.77/L0.00

      Popular in News

        HomeMarketsPremiumInstant LoanMint Shorts