Facebook's parent company Meta is experiencing a significant drop in employee morale due to mass layoffs and lack of management, the New York Times (NYT) reported on Jan. 12.

Not so long ago, Meta was one of the most coveted companies in Silicon Valley, but now employees face a precarious future, the NYT quoted nine current and former employees as saying the mood inside.

Meta is undergoing a major restructuring due to poor performance.

After laying off 9,11 employees last November, it announced further 1,2 cuts last month.

The additional layoffs will reportedly include engineering groups, leaving some employees anxious, saying it's "something we didn't think about before."

Erin Schumner, who was laid off last November, said, "A lot of our employees aren't sure what to do."

Other big tech giants, such as Amazon and Microsoft, have also restructured, but Meta is not in the worst shape, according to the NYT.

This is because since the second quarter of last year, sales have declined and grown backwards, and unlike competitors that have invested heavily in artificial intelligence (AI), Meta has been betting on the metaverse for a long time.

Employees said Meta employees were skeptical about the move to the metaverse, and that this concern grew as the virtual world market did not grow.

The absence of management at Meta's headquarters in Menlo Park, California, USA, is also raising concerns among employees.

When the company encourages employees to come to the office, management is not in the office.

Zuckerberg went on paternity leave after his wife's third baby last month, and Naomi Glate, vice president of product management, recently moved to New York.

Chief Information Security Officer Guy Rosen has been assigned to the Tel Aviv office in Israel, while Instagram CEO Adam Mosseri lives in London.

Chief Operating Officer Javier Olivan divides his time between Europe and Silicon Valley.

Executives hold weekly video conferences, but employees said they feel their absence, especially at a time when employees are emphasizing coming to work.

The pressure to work is also intensifying.

Inside the company, there is pressure to show that people are working hard, two employees said.

Middle managers have even been asked to prove why their work is important to the goals of the meta.

Some employees are trying to appear busy, while others are more obsessed with their work.

This means they don't collaborate well with colleagues, employees said.

One employee described the company's atmosphere as "cutthroat."

In the chat room, employees joked that they could be fired by each other, and some complained about reduced bonuses and more.