元to Tell Many Managers to Start Coding or Get Out — Here's What Else the 'Flattening' Will Bring

元, which owns Instagram and Facebook,laid off 13% of its workforcein November during its first significant round of cuts — a process echoed across Silicon Valley amid Big Tech turmoil.

Now, Meta plans to go a step further with an internal "flattening" that will transition many of its managers and directors to individual contributor jobs if they want to stay at the company — all part of an effort to maximize efficiency, people familiar with the situation toldBloomberg.

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According to the sources, who asked not to be named commenting on a matter that wasn't public, higher-level managers will inform their subordinates of the change in the coming weeks. Those stripped of their managerial duties will instead be tasked with jobs likecoding, designing and research.

"Our management theme for 2023 is the 'Year of Efficiency' and we're focused on becoming a stronger and more nimble organization," Zuckerberg said as part of the release of Meta's fourth-quarter earnings report, perCNBC.

Bloomberg's sources said some Meta employees feel the rearrangement is necessary because certain managers supervise just one or two employees and compete with other teams to achieve similar goals. Morelayoffsare expected, but they'll likely unfold more slowly on an individual basis.

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元declined to comment.

元Platforms Inc is up nearly 48% year to date.