According to an official update on Meta's "Year of Efficiency," CEO Mark Zuckerberg has stated that the company's restructuring plans will focus on flattening its organisations, canceling lower priority projects, and reducing its hiring rates in order to improve its financial performance and execute its long-term vision. This will take place over the next few months, with restructuring and layoffs being announced in the tech groups in late April, and the business groups in May. Although in some cases, the changes may not be fully implemented until the end of the year.