"Meta's Permanent Lean Strategy: Mark Zuckerberg's 'Year of Efficiency' Pays Off"
TL;DR Summary
Mark Zuckerberg announced that Meta's "Year of Efficiency" in 2023 will become a permanent operating structure, with minimal hiring and a focus on streamlining the company. Despite growing revenue and profitability, Meta will keep head count and related costs low, aiming to hire workers with higher levels of experience and technical expertise. This decision comes after two rounds of mass layoffs and a stock price surge to a new all-time high.
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- Meta's stock surges 20% as Mark Zuckerberg's 'year of efficiency' becomes permanent: He plans to 'keep things lean' and slow hiring Fortune
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