Meta, Zuckerberg's company, went through a major staff cut, and they're also getting rid of some management layers to be more efficient. For instance, Instagram is cutting technical program manager roles, and this is happening in other parts of Meta too. Many are exploring ways to restructure, streamline management levels, and shift towards a more efficient model. However, according to Zuckerberg, AI isn't the primary factor in these changes. It began with excessive hiring and transformed into a dedication to excel by functioning as a more streamlined company."
Source: Indian Express February 17, 2024 11:51 UTC