- In January Meta’s CEO Mark Zuckerberg announced a 5 % workforce reduction “to raise the bar on performance management and move out low-performers faster.”
- The cuts support Meta’s pivot toward AI, smart glasses and “the future of social media,” as Zuckerberg said, “This is going to be an intense year, and I want to make sure we have the best people on our teams.”
- Many of the ousted employees later revealed they had received high performance ratings, sparking outrage over managers laying off top performers to hit targets
- A leaked internal memo authorized managers to include high-performing staff in layoffs if low-performers alone couldn’t meet reduction goals
- Meta’s latest directive tells managers to rate 15–20 % of employees as “below expectations” in mid-year reviews starting June 16—up from last year’s 12–15 % range
- The company warned the upcoming reviews “will be an opportunity to make exit decisions,” though it promises “no company-wide performance terminations, unlike earlier this year.”
- A “below expectations” rating now makes employees more vulnerable to future cuts, especially those already flagged for underperformance
- Amazon’s CEO Andy Jassy urged the company to “operate like the world’s largest startup,” arguing “you can move fast and still be high quality.”
- Intel’s CEO Lip-Bu Tan announced Q2 layoffs as part of “swift actions to simplify the way we do business and drive transparency and accountability.”
- About 130 tech firms have cut jobs this year, with over 61,000 positions eliminated, according to Layoffs.fyi
Taken from here: https://www.msn.com/en-us/money/human-resources/meta-quietly-plans-rude-awakening-for-employees-after-layoffs/ar-AA1FjcHA?ocid=