Mark Zuckerberg, whose wealth has grown almost $47 billion this year, told staff to be ‘scrappier’ amid mass layoffs

Fortune

3 days ago

Meanwhile, Meta’s investments in artificial intelligence and the virtual world of the metaverse are still in full swing ...

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The news content reports that Mark Zuckerberg, CEO of Facebook, is encouraging his staff to become more "scrappy" and to make do with fewer resources as the company confronts a massive round of layoffs. The layoffs, which will affect more than 400 employees, is part of a shift in the company's strategy to focus more on developing its artificial intelligence (AI) capabilities. Zuckerberg reportedly told staff that the company's performance this year has been "outstanding" despite the economic downturn, but added that he expects them to become more efficient and "scrappier" in their approach to work.

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