- Meta signaled in February it's likely to cut more jobs this year after culling 11,000 jobs last year.
- The company has delayed budget-setting for some teams as it gears up for the new round of layoffs, per the FT.
- That has resulted in some staff doing "zero work" because managers have not been able to plan their schedules.
Meta's "year of efficiency" may be starting on an inefficient note.