Companies are culling managers. Mark Zuckerberg explained his 'mathematical' approach to it nearly 2 years ago.
Briefly

In recent layoffs, major companies like Match Group, Amazon, Google, and Meta are reducing middle management roles as part of a trend called the "Great Flattening." Mark Zuckerberg, Meta's CEO, initiated this trend, emphasizing the need for fewer management layers to maximize efficiency post-COVID-19. He believes that while management plays a crucial role, the ratio of employees to managers should increase from around three to four to seven to eight, reflecting a correction to over-hiring and a revaluation of management’s role in guiding less experienced employees during their careers.
I believe a lot in management. I think there are some people who think that it doesn't matter as much, but look, we have a lot of younger people at the company, for them this is their first job and people need to grow and learn in their career.
Zuckerberg began by acknowledging that managers are an important component of a company like Meta.
Before Meta's layoffs, Zuckerberg said he had asked about the average number of direct reports each manager had at the company and learned it was around three to four.
It should be more like seven to eight. The lower numbers made sense at the time, Zuckerberg said, as Meta was hiring a ton and helping newcomers ramp up.
Read at Business Insider
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