On February 2, Beijing time, Meta announced relevant financial performance information, and its stock price hit a record high. Meta CEO Mark Zuckerberg has expressed no intention of returning to previous hiring patterns, saying: "We will try to keep the number of employees at a relatively minimum level." It will still be difficult to find a job at Meta in the future and be able to keep it.
Zuckerberg said on the company's fourth-quarter earnings call on Thursday,Things look very successful for the company in 2023, and a "leaner" operating structure will be a long-term component of how the company operates going forward.
Since the fall of 2022, Meta has made two rounds of large-scale layoffs, accounting for 22% of its total workforce, a marked shift from the hiring surge in previous years. The company's stock price rose to an all-time high on Thursday, reaching more than $450 per share in after-hours trading.
Although Meta said it has "completed" layoffs starting in 2023, Zuckerberg is still applying his new mindset. According to Business Insider,This year, the company has eliminated management positions on Instagram and plans to do the same for other organizations.
Zuckerberg said Meta will continue to reduce its headcount.Despite Meta's success last year in terms of revenue growth, profitability, etc., future hiring plans will still be scaled back.
Zuckerberg pointed out,Part of the reason for reducing headcount and related costs is to allow Meta to "get through an unpredictable and turbulent phase over the next five or 10 years.""In the short term, maybe it makes you go faster, but in the long term, keeping things at a leaner level, it improves the overall performance of the company," he said.
It was previously reported thatMetaPlatforms (Meta.O) has launched a brand new label as it plans to deploy a new version of its custom chip in its data centers this year designed to support its artificial intelligence (AI) push.The chip, the second generation of Meta's in-house production line announced last year, could help reduce Meta's reliance on Nvidia Corp (NVDA.O) and control rising costs as it launches artificial intelligence products.
It is reported that deploying its own chips is a positive turn for Meta’s internal artificial intelligence project.In 2022, executives decided to discontinue the first iteration of the chip.