, CEO Mark Zuckerberg blamed himself for cuts, saying he was overly optimistic about the company's growth rate and didn't factor in such things as the macroeconomic downturn or increased competition.Meta, the parent company of Facebook Inc. and Instagram Inc, announced the cuts in the wake of its, in which it reported declining sales and profit compared with the year-ago period and forecast lower revenue for the holiday period than analyst's had predicted.
The company is a"great place but terrible management," one employee said, adding that"Metaverse/ + Management brought us to the point where we had to layoff people."One of the most viewed posts on Blind was a three-star review from another software engineer at the company who said Meta"was alright until layoffs."
Still, the less-than-stellar assessments from employees were balanced out by those from others who offered more positive assessments. Overall, from the 6,033 reviews on Blind, Meta has an average rating of four out of five stars.