Meta got to talk about this memo the year of efficiency and everything

ten thousand more workers are being let go after the eleven thousand cuts

announced in November five thousand openings

evaporated here to discuss Julia Borsen joins us from LA and

studio Steve Kovac is here as well. It's great to have you both along and

Julia let's just start with you a huge move and is this now the end of it or do we know yet?

Well it seems like this could probably be the end of it for now but a number of analysts

weighing in very bullish reactions to this move by Mark Zuckerberg saying that the year of efficiency just got even more

efficient in addition to announcing those layoffs the fact that they're taking those 5,000

open job positions off the table the company also announcing that it's lowering its

expense guide for the year but what's so remarkable about all this Kelly is

even with these dramatic layoffs 21,000 employees between last year in November and the

layoffs just announced now. The company still has more employees now than it did in

summer of 2021. So we just have to remember this is a company that grew so

dramatically and Mark Zuckerberg has really changed its to his tune. He warned

that there is the possibility that this new economic reality will continue for many years, but he's

saying that they can cut costs and they can still return to growth.

And what's amazing, Steve, is also his comments, which kind of go back to the Elon Musk factor and

Salesforce and other but Musk's Zuckerberg said they are running more

efficiently right as they've done some of these cuts.

Now I don't know how they did it so strategically

that they're able to make that the case.

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