More Meta Layoffs, Google Squashes Employee Promotions

More trouble for Meta.

Google and Meta are not going to have a good year. Both companies suffered from either cost-cutting measures or layoffs over the past twelve months.

A few weeks ago, we learned that Mark Zuckerberg was getting $14M for personal security while terminating thousands of employees. So it has to sting to know that after all this, even more people may soon find themselves labeled as redundant, according to a CNBC report.

Zuckerberg, the embattled Meta CEO, thinks 2023 will be the company’s “Year of Efficiency.” However, Bloomberg alleges that layoffs could start as soon as this week. The sources were unnamed, but given the company’s track record, there’s no doubt that Meta could shed more overhead in order to achieve whatever Zuckerberg considers “efficient.”

Meanwhile, over at Google, the company’s CEO is trampling employee morale. Those employed by the tech company who were trying to grow their careers are in for a tough road ahead, thanks to a statement in an e-mail sent out by Sundar Pichai, “The process is manager-led and will be largely similar to last year — though with our slower pace of hiring, we are planning for fewer promotions into L6 and above than when Google was growing quickly.CNBC states that its staff saw the e-mail firsthand.

Remember when the tech giant wanted to start desk sharing to save money? Well, the Google CEO stuck his foot in his mouth a second time by saying workers are complaining about “big swaths of empty desks and it feels like it’s a ghost town — it’s just not a nice experience.” Sundar Pichai doesn’t exactly inspire confidence. Then again, the company did have a huge struggle session after Donald Trump was elected. So, maybe weak leadership is common at Google.

With YouTube getting a new CEO, could we see a new tech bubble implosion? Let us know your thoughts below.

[Source: CNBC] [Source: CNBC] [Source: CNBC]
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Mike Phalin

Longtime problematic entertainment journalist.

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