Zuckerberg tells Meta staff to be 'scrappier'

Amid layoffs, technology giant Meta’s Chief Executive Officer Mark Zuckerberg has told company employees to be "scrappier."

Meta has been conducting layoffs since the last several months. Its last batch of a three-part round of layoffs began this week, as part of a plan announced in March to eliminate 10,000 roles.

Zuckerberg at a company-wide meeting expressed his wish for the future stability and less bureaucracy for the company to get a "scrappier place", as per a report in the Washington Post.

"Going through restructuring and layoffs and changes like this is obviously a very difficult thing. So, it's not like we're going to end up in exactly the place that we were before because that wasn't my goal. I wanted to get to a scrappier place," he said.

He told the employees that one of his objectives is to establish "a stronger technology company that can build better products faster"

"And the second is about improving our financial performance so we can sustain our ambitious, long-term investments and vision in what I continue to expect to be a difficult environment."

As per the outlet, although the tech giant does not have any other new layoffs planned, Zuckerberg said that "the world is also volatile."

It is to be noted that the company intends to expand more slowly going forward, which might result in fewer layoffs when Meta decides to abandon a project in favour of a fresh one. He stated that he believes that with fewer employees, Meta would be able to streamline operations and cut down on bureaucracy.

As per Reuters, Meta has struggled with a "post-pandemic slump" in advertising spending from companies facing high inflation and rising interest rates.