'Meta VPs getting squeezed out amid Mark Zuckerberg's 'permanent' efficiency mode' - Business Insider
Portfolio Pulse from Benzinga Newsdesk
Meta Platforms Inc. (META) is reportedly seeing a number of its Vice Presidents being squeezed out as CEO Mark Zuckerberg enforces a 'permanent' efficiency mode. This move is part of a broader strategy to streamline operations and cut costs.
June 12, 2024 | 7:56 pm
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Meta Platforms Inc. is pushing out several Vice Presidents as part of Mark Zuckerberg's strategy to enforce a 'permanent' efficiency mode. This move aims to streamline operations and reduce costs.
The move to push out VPs and enforce a 'permanent' efficiency mode is likely to be seen positively by investors as it indicates a strong focus on cost reduction and operational efficiency. This could lead to improved profitability in the short term.
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