
Why Recessions Forge Great CEOs Who Think Beyond Cost-Cutting
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
June 5, 2023: Meta workers will need to work from the company’s headquarters thrice a week beginning in September.
On Thursday, the social networking giant notified employees of its new remote work policy, which will not impact existing workers who primarily work remotely.
“We’re committed to distributed work, and we’re confident people can make a meaningful impact both from the office and at home,” a Meta spokesperson stated. “We’re also committed to continuously refining our model to foster the collaboration, relationships, and culture necessary for employees to do their best work.”
Facebook parent Meta first extended its remote-work policy to all full-time employees in June 2021. At the time, Meta CEO Mark Zuckerberg said the company discovered over the year during the height of the Covid pandemic that “good work can get done anywhere, and I’m even more optimistic that remote work at scale is possible, particularly as remote video reality and virtual reality continue to improve,” Zuckerberg said at the time.
Since then, many companies such as Amazon and Google parent Alphabet include been changing course on previous remote-work plans and have called on their workers to return to physical offices at least three days a week.
In March, Zuckerberg hinted that he would update Meta’s policy when he said that the organization conducted an internal analysis that showed engineers who work in person “get more done.”
“Our early analysis of performance data suggests that engineers who either joined Meta in-person and then transferred to remote or remained in-person executed better on average than people who joined remotely,” Zuckerberg said.
“This analysis also shows that engineers earlier in their career perform better on average when they work in-person with teammates at least three days a week.”
In May, Meta conducted its last round of significant layoffs, part of the company’s “year of efficiency,” which will result in roughly 21,000 employees forfeiting their jobs.
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
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But the CEOs who make history in downturns aren’t the ones with the deepest cuts
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