Fortune500 News Hubb
Advertisement Banner
  • Home
  • Fortune 500 News
  • Business News
  • Contact
No Result
View All Result
  • Home
  • Fortune 500 News
  • Business News
  • Contact
No Result
View All Result
Wellnessnewshubb
No Result
View All Result
Home Business News

Meta CTO Says Headcount Makes Company Slow; ‘Untenable’: Report

admin by admin
January 11, 2023
in Business News


  • Meta CTO Andrew Bosworth told employees in an email that “that adding headcount “makes everything slower,” according to The Verge.
  • He added that Meta had “solved too many problems by adding headcount.”
  • Meta laid off 13% of its workforce in November 2022.

Loading Something is loading.

Thanks for signing up!

Access your favorite topics in a personalized feed while you’re on the go.

In a massive company like Meta, things don’t always move quickly. Yet some in Meta’s top ranks believe that its massive size is directly responsible for its tendency to move too slow.

According to The Verge’s Command Line newsletter, Meta Chief Technology Officer Andrew Bosworth told the 18,000 employees in its Reality Labs division via an email before the holidays that the company has solved too many problems simply “by adding headcount.” The issue with that, Bosworth noted, is that more headcount usually means more overhead. 

“And overhead makes everything slower,” he wrote. 

Reality Labs is the division of Meta that contains its metaverse and virtual reality units.

According to Command Line, Bosworth believes Meta’s inflated ranks have led to scheduling delays, too. 

“A meeting with 50+ people that took a month to schedule. Sometimes there is even a ‘pre-meeting’ with its own document,” Bosworth wrote. “I believe the current situation is untenable.”

In November 2022, the company laid off more than 11,000 employees, or approximately 13% of its staff, with Reality Labs being one of the divisions that faced cuts. At the time, Meta’s CEO Mark Zuckerberg also noted that the company would cut discretionary spending, and its hiring freeze would extend into the first quarter of 2023. 

Meta’s market value has dropped 47% in the last 12 months. The company also said it expected losses from Reality Labs to grow in 2023, after reporting its financial results for the third quarter of 2022. 

Neither Bosworth nor Meta immediately responded to Insider’s request for a comment. 

Read the entire Command Line newsletter here.



Source link

Previous Post

Disney tries to win back theme park fans by reversing some price hikes made under its former CEO 

Next Post

Emmanuel Macron Wants to Raise the French Retirement Age

Next Post

Emmanuel Macron Wants to Raise the French Retirement Age

Recommended

Live news updates from December 21: Biden greets Zelenskyy at White House, Bankman-Fried set for US extradition

1 month ago

Live news: IMF head predicts global growth will ‘bottom out’ in 2023

2 weeks ago

TikTok Tells Remote Workers They Could Lose Jobs If Not Near Office

3 days ago

Why Block, Affirm, and Upstart Holdings Were Plunging Today

2 months ago

FDA accelerated pathway slows in 2022 after hitting all-time highs over last five years

2 months ago

Emmanuel Macron Wants to Raise the French Retirement Age

2 weeks ago

© 2022 Fortune500 News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Fortune 500 News
  • Business News
  • Contact

Newsletter Sign Up.

No Result
View All Result
  • Home
  • Fortune 500 News
  • Business News
  • Contact

© 2022 Fortune500 News Hubb All rights reserved.