All articles tagged with #internal memo
Meta has cut 10% of its workforce today, but CEO Mark Zuckerberg says there will be no further company-wide layoffs this year, though targeted reductions in divisions like Reality Labs could occur. He emphasizes AI as a strategic focus while trying to balance staff stability with faster, less-bureaucratic teams and greater ownership.
LinkedIn is laying off employees across the Global Business Organization, marketing, engineering, and product teams while scaling back investments in marketing campaigns, vendor spend, customer events, and underutilized office space. The cuts, part of a broader shift to focus on high-impact priorities, will see Asia-Pacific staff notified separately and the Graz, Austria office closed. The moves come as Microsoft pursues cost-cutting efforts and the company reportedly offered buyouts to long-serving employees in related documents.
WeightWatchers CEO Sima Sistani sent an internal memo to employees to reassure them amid the company's plummeting stock following Oprah Winfrey's departure from the board, stating that the stock price will take care of itself. Despite the stock's decline, Sistani emphasized the company's healthy financial position and strong liquidity, pushing back against concerns over growth and liquidity. She vowed to prove the naysayers wrong and urged employees to stay focused on delivering for members, expressing confidence in the company's long-term success.
Google CEO Sundar Pichai warned employees to expect more job cuts this year as the company aims to invest in its big priorities, leading to layoffs and reorganizations across various departments. Pichai acknowledged the difficulty of the situation and stated that the layoffs are about simplifying execution and driving velocity in some areas. The company has already made some role eliminations and will continue to make specific resource allocation decisions throughout the year, potentially impacting more roles.