https://www.businessinsider.com/meta-vps-leave-ahead-of-thousands-more-layoffs-2023-5 Which VPs are leaving? #meta
Happened at Netflix already, everyone else just following suit and realizing they were right.
What’re you talking about here, can you elaborate?
Meta business VPs leave ahead of thousands more layoffs Kali Hays Several high-ranking and tenured Meta employees said in recent weeks they're leaving the company. Mark Zuckerberg's "flattening" of company management is ongoing as further layoffs approach. The head of Meta's Austin office is among the exits. Some think the office may shrink further. Meta employees are seeing their internal Workplace platform flooded with goodbye posts as they brace for yet another round of layoffs and more changes at the company. In recent weeks, several upper management and vice president-level employees at Meta, previously known as Facebook, have announced their departures, two people familiar with the company said. The exit posts, also known as "badge" posts, feel "constant," one of the people said. All of the people leaving the company are part of Meta's business divisions, an area of the company that will see about 6,000 people laid off next week as it becomes the last division to experience the company's process this year of staggered layoffs. This round of layoffs is expected to be even more extensive than the "bloodbath" that hit the company's tech and engineering departments last month, both of the people familiar said. Most of the executive exits are effectively "quiet layoffs," the people added, saying people at the VP level are often among those at the company who have been told directly if their job was being eliminated as part of the ongoing reorganization and allowed to find new work or leave prior to layoffs. Most rank-and-file employees are not given such an option. Founder and CEO Mark Zuckerberg previously dubbed 2023 his "Year of Efficiency" and said he wanted to "flatten" the company's reporting structure, removing layers of management while reigning in costs. A spokesperson for Meta declined to comment. This week already William Platt-Higgins, who has been with Meta for over a decade, revealed he's leaving the company next month. Platt-Higgins started at Meta in 2012 as a vice president of global client partnerships and kept that title as his purview expanded to include government and policy and non-profit organizations at the company. Prior to the exit of Platt-Higgins, three other VPs said they were leaving the company. Sarah O'Brien is leaving after four years of leading executive and product communications at the company. Two other executives, each with over a decade at the company, are also out. Gigi Melrose, VP of growth for Meta's small business group is leaving after 12 years. She only took on the VP role last year after being promoted from the director level. And Katherine Shappley, VP of Meta's commerce business group, is leaving at the end of this month after 13 years. Melrose and Shappley were both based out of Meta's office in Austin, with Shappley acting as the head of the Austin office in addition to her other work. One of the people familiar said internally there has recently been talk that Austin will be the next Meta office to further shrink its footprint, similar to what happened last month at the company's office in London. Although still open, the entirety of Instagram staff in the UK office were laid off or are being moved back to work in the US, including Instagram head Adam Mosseri. Much Meta office space in the UK is now being sublet. Already, Meta has halted plans for expanding office space in Austin and a contractor workforce who worked out of current office space has been shrinking since last year. The company has said it intends to "rationalize" its real estate footprint this year, something that will cost it approximately $3 billion to accomplish, mainly due to the cost of exiting early leases for commercial office space.
They should do it at Google too. Get rid of those SVP -> SVP -> VP -> VP -> VP -> Sr Dir -> Sr Dir -> Dir -> Dir coasters
Are you saying the ones above in that reporting chain are not coasters?
I'm saying that the long reporting chains lead to coasting, at all levels. Frontline managers probably don't (can't?) coast as much
Only the boomer generation used Facebook these days. In India , it’s WhataApp.
That's a lot of boomers lol
Thankfully WhatsApp is a different company. Take that Meta. Wait... 🤔
The latter
Amazon needs this.
💯 , might actually happen as Meta is a market leader in layoffs.
I don't understand why this people don't unionized?
A union consisting of execs, vp's, and upper management? That'd be a new one.
I'm actually glad zuck is doing this. Zuck is literally our pioneer for tech. He refused the poaching rule, refused anti competitive practice, broke the TC barriers, meta has one of the best reward for effort culture. Literally no one is 3x bonus for RE. Now he is again in the forefront heading the layoffs and thinning of company. He'll get rid of subpar IC hired in the tech boom. Get rid of useless management. He'll bring back the glory days of Tech.
Make America great again. Wait a minute…
Yes, Zuck is our savior.
Majority names I see are non Chinese, non Indians. When will the leaders from Asia realize that they can resign confidently instead of continuing to create political empires. Not talking about Dev or manager level but upper management. You have earned a shit ton, please stop being so clingy since you can build something on your own with that experience during a recession.
This is called Gyan (preaching)
Nope, that would be Denpok Singh
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pay wall 🤮
https://archive.is/2023.05.15-213738/https://www.businessinsider.com/meta-vps-leave-ahead-of-thousands-more-layoffs-2023-5