Facebook is a globally renowned online social media platform enabling people to connect and share information and content digitally.
Founded in 2004 by Mark Zuckerberg, the American company Meta Platforms owns the platform.
It has become one of the world’s most widely used social media platforms, with over 2.9 billion monthly active users as of 2023.
Facebook’s user interface is designed to be user-friendly and intuitive, allowing users to share various forms of content, such as photos, videos, and written messages.
Users can create personal profiles, connect with friends, join groups and communities, and follow pages of their interest.
The platform’s algorithms also tailor content to users’ preferences and interests.
But how many employees does Facebook have? Continue reading to find out.
Post Contents
How Many Employees Does Facebook Have?
In September 2022, Meta (formerly Facebook) reached its peak employee count of 87,314.
However, the company’s advertising machine had slowed down, resulting in a decrease in revenue for the first time in years.
As a result, Meta announced a layoff of 13% of its workforce, or over 11,000 employees, bringing the number down to 75,964.
This was a significant move for the company as it was the largest layoff.
Meta’s management had realized that the company had been over-hiring for years, resulting in bloated departments and unnecessary expenses.
The layoff was aimed at improving the company’s efficiency and profitability.
Meta announced yet more layoffs in March 2023, called “The Year of Efficiency,” reducing the company’s employment to less than 66,000 people.
The move was part of a broader strategy to streamline the company’s operations and make it more agile.
As announced by Meta, “The Year of Efficiency” moves along a few key pillars.
Firstly, a flatter organizational structure will be adopted to reduce bureaucracy and speed decision-making.
By simplifying the chain of command, Meta aims to empower employees and enable them to take ownership of their work.
Secondly, the company will strive for leaner operations, eliminating waste and reducing costs.
This will involve reducing non-essential expenses and optimizing workflows to improve productivity.
Thirdly, technology will remain the company’s main priority, and Meta will continue to invest in cutting-edge tools to improve its products and services.
The company recognizes that technology is evolving rapidly and aims to stay ahead of the curve by innovating and adapting to new trends.
Fourthly, Meta will invest in tools to get more efficient.
The company has already started investing in artificial intelligence and machine learning to automate some of its processes, such as content moderation.
Finally, the company will encourage in-person collaboration to build relationships and accomplish more.
This will promote face-to-face interactions among employees, such as meetings and team-building activities, to foster a strong sense of community and improve communication.
Facebook Employee Turnover
It has a reputation for keeping workers for a long time, with a 5% turnover rate and an employee’s job duration.
Nevertheless, staff turnover rates increased in 2018 as a result of a variety of difficulties, including user data leaks and the company’s delayed reaction to the crisis, as well as congressional investigations on fact-checking political advertising and the usage of user data.
Notwithstanding these issues, Facebook remains an appealing employer in Silicon Valley, with over 15,000 local employees and a fifth-place ranking on a list of top employers.
Including internal recommendations, the firm receives an amazing 250,000 employment applications every year.
The recruiting process at Facebook consists of three interviews, and applicants can submit their resumes directly to Facebook or a recruiter.
A Facebook recruiter conducts a preliminary phone interview if the resume satisfies the standards.
The hiring unit’s team manager will next conduct a second phone interview to assess the candidate’s suitability for the post.
If the candidate advances to the following round, an in-person interview is set up, and the application is examined.
Eventually, if the individual is regarded as a suitable fit, an option will be made.
How Many Jobs Has Facebook Added?
Prior to the IPO, Facebook generated over 450,000 jobs in the United States and Europe.
Two studies were issued, one by the University of Maryland’s Business School, which discovered that Facebook created over 235,644 employees in the United States, primarily in the app and software industries.
The other research, conducted by Deloitte, stated that Facebook business pages and interaction resulted in the creation of 232,000 employees.
Others questioned the validity of both studies because Facebook had 3,200 workers at the time of their release and contributed the data for both types of research.
Furthermore, Facebook commissioned the Deloitte study.
Notwithstanding the scandal, Facebook is the sixth largest Silicon Valley employer, with yearly base income ranging from $120,000 – $130,000 and total pay packages averaging $150,000 to $155,000.
It has continuously been in the top 10 of Glassdoor’s annual Best Areas to Work survey, having previously placed first multiple times, but has slid to 11th position in the most recent 2021 rankings.
Conclusion
Facebook, now known as Meta Platforms, is a globally recognized social media platform allowing people to connect and share information and content.
The company has become one of the world’s most widely used social media platforms, with over 2.8 billion monthly active users as of 2021.
While the company has experienced significant growth, it has also faced challenges, including a decrease in revenue, which led to layoffs and adoption of a leaner organizational structure to improve efficiency and profitability.
Despite these challenges, Facebook remains an attractive employer in Silicon Valley, with a low turnover rate and consistently ranking among the top ten of Glassdoor’s Best Places to Work poll.
The company’s impact on job creation has been disputed.
Still, it has been ranked as the fifth largest employer in Silicon Valley, with above-average starting salaries and a focus on innovation and technology.
And as for how many employees does Facebook have? At the moment, that number is below 66,000 employees.
