Facebook founder and CEO Mark Zuckerberg at the company's first conference dedicated to messaging
Facebook founder and CEO Mark Zuckerberg at the company's first conference dedicated to messaging
  • Mark Zuckerberg last year started to get serious about reducing expenses at Meta.
  • He eventually moved toward an "efficiency" mindset that led to mass layoffs.
  • Ahead of this shift, Meta hired the large consulting firm Bain & Co.

Before Mark Zuckerberg embarked on his "Year of Efficiency" at Meta, the company brought in a well-known consulting firm to look at its costs.