It’s unclear if layoff notices have already started arriving in employees’ inboxes, but the company already announced the shutdown of its New Product Experimentation division internally. In September 2022, Platformer reported that Meta was scaling back the NPE arm. Since its inception in 2019, the division has launched a ton of short-lived products, such as a video speed-dating app called Sparked, a calling app named CatchUp, a collage-maker named E.gg, a rap-focused social platform called BARS, and a Clubhouse-wannabe called Hotline, to name a few.
Meta hasn’t officially confirmed the job cuts yet, but executives have been signaling it, according to WSJ. “This is going to result in us making some tough decisions to wind down projects in some places, to shift resources away from some teams,” Susan Li, Meta’s Chief Financial Officer, was quoted as saying. Meta is reportedly matching the severance package to the last layoffs. Internally, Meta is also said to be changing the team structure, assimilating more employees into unified teams and reducing the system of separate desks and making employees share workspaces.
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