EPISODE · Aug 3, 2022 · 24 MIN
As Meta struggles, Zuckerberg puts employees under the gun
from Front Burner
As the global economy slows down, Meta CEO Mark Zuckerberg is pushing employees to speed up. The Facebook and Instagram parent company set a record in February, losing the most stock value in a single day in U.S. history. But Zuckerberg has continued sinking billions of dollars into his vision of a “metaverse,” pressed for faster updates to compete with TikTok, and is upping the pressure on employees. According to reports of an internal Q&A in June, Zuckerberg told employees: “Realistically, there are probably a bunch of people at the company who shouldn’t be here.” Today, The Verge deputy editor Alex Heath explains the many threats to Meta that make this “the most pressure” it's ever faced, and how struggles across the tech sector are causing an unprecedented shift in its lavish culture.
What this episode covers
As the global economy slows down, Meta CEO Mark Zuckerberg is pushing employees to speed up. The Facebook and Instagram parent company set a record in February, losing the most stock value in a single day in U.S. history. But Zuckerberg has continued sinking billions of dollars into his vision of a “metaverse,” pressed for faster updates to compete with TikTok, and is upping the pressure on employees. According to reports of an internal Q&A in June, Zuckerberg told employees: “Realistically, there are probably a bunch of people at the company who shouldn’t be here.” Today, The Verge deputy editor Alex Heath explains the many threats to Meta that make this “the most pressure” it's ever faced, and how struggles across the tech sector are causing an unprecedented shift in its lavish culture.
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As Meta struggles, Zuckerberg puts employees under the gun
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