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Mark Zuckerberg on How to Run a Company in 2023
Mark Zuckerberg has announced an update vision for the company in a year of efficiency focused on cutting costs and improving productivity. The company plans to cut 10,000 jobs over multiple rounds of layoffs while leaving an additional 5,000 open positions unfilled. It will eliminate middle management and flatten its corporate hierarchy by converting many managers into employees with no supervisory responsibilities. Low priority projects will be canceled and internal tools will be strengthened to help software engineers write code faster.