Some workers at Meta Platforms had to start reporting for work in person three times per week under the social media company's office policy that came into force after Labor Day.
to distributed work, a strategy he said in a message made publicly available online that the company would keep "refining" to make it as productive as possible. The social media company has a "hypothesis" that "it is still easier to build trust in person and that those relationships help us work more effectively," according to his March comments.
In an aerial view, people gather in front of a sign at Meta headquarters July 7, 2023, in Menlo Park, Calif. Zuckerberg first unveiled the "Year of Efficiency" strategy earlier in the year. He has since described the goals of the initiative, which included layoffs, as making a "strong technology company that builds better products faster" and boosting "financial performance to give us the space in a difficult environment to execute our ambitious long term vision."
The value of Meta’s stock has risen over 140% from the start of the year, hitting $300.15 Tuesday. Over the past year, it has seen an 89% rise.at the end of June, a figure the company said still included roughly half of those laid off in 2023.
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