Zuckerberg defended his leadership of the social media giant during a staff-wide meeting Thursday morning two days after announcing the company would be cutting 10,000 workers in a months-long restructuring and downsizing effort.
. He said he would expect to be evaluated based on the company’s performance and transparency about its mission but that leaders should be allowed to change their thinking, according to an audio live stream of the town hall obtained by The Washington Post.“I would guess that the way people would evaluate whether you trust me and want to work at this company in whether we are succeeding in making progress toward the overall stated goals,” Zuckerberg said in the town hall.
told staffers in a companywide meeting that he didn’t foresee having to make those kind of cuts for the “foreseeable future.”facing the company will be around for a while and he saw that the November cuts seemed to boost the company’s efficiency.
Zuckerberg proclaimed earlier this year that 2023 would be the “year of efficiency” following months of declining revenue. The social media giant, which makes most of its money from digital advertising, is facing intensifying competition for advertising dollars and users from newer entrants in the social media market such as the short-form video network TikTok.
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