<ul><li>Meta, the parent company of Facebook, is reportedly planning to reduce the number of vice president-level staff as part of ongoing cost-cutting measures.</li><li>CEO Mark Zuckerberg aims to simplify the reporting structure by implementing a stack ranking system and stricter performance evaluations for high-level executives. This initiative follows Meta's "year of efficiency," which involved laying off over 20,000 employees.</li><li>The company had seen a significant increase in vice presidents in 2023, and now seeks to trim this number to around 250 from approximately 300. The focus is on reducing middle and top-level management to streamline operations and enhance efficiency.</li></ul>

How Facebook parent Meta switching to ‘permanent efficiency mode’ means more job cuts at these levels

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