Liz Gannes

Recent Posts by Liz Gannes

Exclusive: Facebook Does A Major Reorg Around Key Products

Facebook has done a major corporate reorganization in an effort to be more nimble, sources said.

The new structure integrates design, product and engineering teams around key product areas such as privacy and communication.

A memo about the reorg was sent out at the company today. A representative for Facebook declined to comment.

We’ll update as we learn more.

The young company, led by CEO Mark Zuckerberg, had many management shake-ups in its early years, but recently it has been fairly stable at the top.

However, Facebook faces increased competition and scrutiny, as well as a looming expected IPO.

You have to see the parallel with what Larry Page did at Google earlier this year, shortly after retaking the reins as CEO. Page created seven integrated product areas from what had previously been separate engineering and product management groups: Chrome, social, Android, YouTube, knowledge, ads and commerce, and local.

Please see the disclosure about Facebook in my ethics statement.

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work