Meta Mark Zuckerberg
Meta CEO Mark Zuckerberg told investors that 2023 will be the "year of efficiency" for the company.
  • 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.