- Meta's CTO Andrew 'Boz' Bosworth admitted that the mood at the company is "probably one of the worst it's ever been" during an internal meeting on June 2.
- Meta cut about 8,000 jobs in May, which is roughly 10% of its global workforce.
- Mark Zuckerberg declared 2023 the "Year of Efficiency" and cut a total of 21,000 jobs across two waves.
- Bosworth acknowledged that leadership had done "an atrocious job explaining the vision" behind the reorganization, undermining employees' faith in their expertise.
- During the layoffs, another 10% of staff were reassigned to a mandatory AI task force, which some employees compared to being "drafted."
- Median total compensation for employees slid from $417,400 in 2024 to $388,200 last year, indicating financial strain.
- Since April, Meta has run software on U.S. employees' laptops that logs keystrokes and clicks to train AI agents, with no opt-out option.
- Workers protested by handing out flyers branding Meta an "Employee Data Extraction Factory" and circulating a petition.
- CFO Susan Li framed the layoffs as a way to run a "leaner operating model" to offset the company's AI expenses.
Meta's chief technology officer Andrew 'Boz' Bosworth has expressed deep concerns over employee morale, stating it is "probably one of the worst it's ever been" during a recent internal meeting. This sentiment comes in the wake of significant layoffs, with the company cutting about 8,000 jobs in May, representing roughly 10% of its global workforce.
The reorganization has left many employees feeling undervalued, as Bosworth admitted in a memo that leadership had done "an atrocious job explaining the vision" behind these changes. He noted that the only comparable period of low morale was during the Cambridge Analytica scandal.
In addition to layoffs, Meta has reassigned another 10% of its staff to a mandatory AI task force, which some employees have likened to being "drafted." This has further exacerbated feelings of uncertainty among workers, who have responded by branding the company an "Employee Data Extraction Factory" and circulating petitions against invasive monitoring practices.
CFO Susan Li framed the layoffs as a necessary step towards a "leaner operating model" to offset the company's rising AI costs, while CEO Mark Zuckerberg declared 2023 the "Year of Efficiency," resulting in a total of 21,000 job cuts across two waves. Median total compensation has also seen a decline, dropping from $417,400 in 2024 to $388,200 last year, according to reports.369
“Meta's morale has plummeted, with CTO Bosworth acknowledging it's among the worst in 20 years. The company has faced significant layoffs and criticism over its management and treatment of employees.”
Yahoo Finance