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They are saying, "We are going to make our existing managers work harder, make the existing engineers deliver more because the $22 billion in profit we made in 2022 wasn't enough. We should consider how we can sacrifice more to make even more profit."

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No I think Zuckerbergs words should be read at face value.

Managers with small amount of reports will be converted to ICs and strong managers will be given more reports. The org will be more lean and will have less overhead per manager of converting work between layers.

I’m summarizing above but in the article are specific goals to address this and I didn’t pick up on any signs that employees should overwork themselves.

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