According to people familiar with the matter, an internal survey conducted between April 26 and May 10 by Meta showed that only 26% of employees had confidence in CEO Mark Zuckerberg and the company's leadership. This figure dropped by 5 percentage points from October last year, indicating the low morale of Meta employees.
Meta has gone through multiple rounds of layoffs, cost cuts and strategic adjustments in the past few months, which Zuckerberg called the "year of efficiency."
In addition, only 43% of employees who participated in the internal survey said they felt valued, compared with 58% in October last year.
Since November last year, Meta announced the elimination of 11,000 jobs, about 13% of the total workforce, and froze recruitment and cut spending. In March this year, another 10,000 employees were affected by the second round of layoffs.
The changes left many employees uneasy and unhappy. After the second round of layoffs, one employee posted on an internal forum, “You’ve destroyed the morale and confidence of many high performers in leadership, why should we stay at Meta?”
Despite the internal gloom, Wall Street remains bullish on Meta, with the company's stock up 112% this year. Some analysts believe Meta's investments in artificial intelligence are starting to pay off, attracting more advertisers to use its AI marketing tools.
However, according to the New York Times, the company has also slowed down its investment in the Metaverse, which has caused some employees to question Zuckerberg's leadership. A Meta spokesperson denied this and quoted Zuckerberg in a recent earnings call: "In addition to artificial intelligence, the other major technology wave we are focusing on is the Metaverse. There is a saying that we are giving up the vision of focusing on the Metaverse, so I want to make it clear that this is inaccurate. We have invested many years in artificial intelligence and the Metaverse, and will continue to do so." (Washington Post)
