--- title: Why Meta’s ‘leaner is better’ feels extra contagious - The Hustle description: Big Tech org charts aren’t the only thing getting flattened. image: https://hs-sbup.thehustle.co/hubfs/The%20Hustle%20News/Assets/Images/1759004967-HS-News-Brief_2023-03-15T004959.472Z.webp --- # Why Meta’s ‘leaner is better’ feels extra contagious ![Ben Berkley](https://53.fs1.hubspotusercontent-na1.net/hubfs/53/assets/hubspot.com/web-team/WBZ/HubSpot%20Media/Blog%202021/Images/Nav/Optimized/TheHustle_Icon_Dark.svg) [Ben Berkley](https://hs-sbup.thehustle.co/author/ben-berkley) Published: April 11, 2023 Updated: October 11, 2023 Meta CEO and corporate-speak bard Mark Zuckerberg’s “year of efficiency” will bring a second round of layoffs. ![Why Meta’s ‘leaner is better’ feels extra contagious](https://hs-sbup.thehustle.co/hs-fs/hubfs/The%20Hustle%20News/Assets/Images/1759004967-HS-News-Brief_2023-03-15T004959.472Z.webp?width=595&height=400&name=1759004967-HS-News-Brief_2023-03-15T004959.472Z.webp) The parent of Facebook, Instagram, and WhatsApp is set to cut 10k jobs and withdraw 5k open roles, just months after slashing 11k+ jobs. That’s a staggering 25% YoY workforce reduction. And Zuck’s “[flatter is faster](https://www.facebook.com/zuck/posts/10115030415333981)” claim feels like poetry written specifically for tech execs… **The industry-wide horror show continues** We haven’t even finished one quarter of 2023, or seen the full fallout of Silicon Valley Bank’s swan dive, yet the grim annual tracker at [layoffs.fyi](https://layoffs.fyi/) has now topped 138k. The scariest part for workers: Wall Street’s [exuberant reaction](https://www.wsj.com/articles/metas-year-of-efficiency-still-looks-costly-24a2c070) to Meta’s latest cuts. As the company’s projected revenue per employee shot up, other Big Tech investors’ ears undoubtedly did the same — this makes for a trusty playbook when execs need to add some juice to the markets. Yes, these layoffs are [a correction](https://www.businessinsider.com/c3ai-ceo-says-meta-google-over-hired-employees-did-nothing-2023-3) from the industry’s outsized pandemic hiring spree, and Zuckerberg’s fixation on investing in the metaverse puts them on their own journey, but… **… employees’ edge is clearly slipping** Competition for talent once had tech candidates feasting on a bounty of salaries, benefits, and perks. Now they have started to report a “[take it or leave it](https://www.businessinsider.com/tech-company-layoffs-pay-salary-cuts-remote-work-recruiter-power-2023-2)” approach in recruitment. As each successive round of cuts shifts leverage back to employers, C-suites will be tempted by Zuckerberg’s “year of efficiency” anthem. 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