The Most Impactful Business Strategy of 2023: Layoffs 🫠

The most impactful business strategy of 2023 is implementing layoffs as a means to cut expenses and increase revenue. Companies like Meta (formerly known as Facebook) are cutting thousands of jobs and investing billions in restructuring costs. Mark Zuckerberg believes in flattening the organization and prioritizing essential projects. Layoffs allow companies to identify and remove underperforming staff, resulting in a significant reduction in expenses. This strategy has proven to be more effective in cutting costs than generating additional revenue. Implementing layoffs has resulted in stock price increases and record earnings for companies like Meta and Salesforce. The trend of using AI in supply chain management is also shaping the business landscape of 2023.