Amid rumours of a second round of layoffs at Meta, managers at the tech company have rated 10 per cent or roughly 7000 of its current employees to be below-par performers, hinting that they may be laid off by March this year.
https://www.firstpost.com/world/meta-rates-7000-employees-as-below-average-performers-amid-layoff-rumours-12185122.html
Forced ranking, stacked ranking, rand and yank, and distribution range are all one and the same.
Reality is flashing before their eyes. This prima donna managers that punched holes through every process and solution that they could reach are now being asked to produce bottom line value, but they can’t because they do not know how. Glad that I left, got my money and found a new job.
zuck himself couldn't care less about the metaverse, but its focus and development is mandated by the institutional investment bankers that own him and his company. facebook is effectively darpa for the elites who need this metaverse technology for their own nefarious purposes (which will never come to fruition because these people live in a fantasyland).
love him or hate him, in the grand scheme of things zuckerberg is just middle management trying to not lose his job. even if that means destroying the company in the process.
Didn't The Zuck say some time back that "Meta is the way and if you don't like it leave"? Yeah ... there's that ...
10% is pretty typical of organizations employing stacked-ranking. It's the reality of "what have you done for me lately" writ large. Bummer if your contributions are valued.
Looks like it is the PIP time instead of layoffs... the FB way comes back.
Just wondering, is this another way to get rid of US-born workers at Meta?
By definition half of employees are below average so that's serious grade inflation in the first place. So many entitled snowflakes about to hit the reality of the economy and the cuts won't be nearly enough. When you get down to it the software assets could be kept running with a few dozen IT guys and long term transitioning hardware to AWS. You still need legal, accountants, HR, sales, marketing R&D and such and such, but the existing infrastructure could probably be run with not more than 2,000 people and perhaps substantially less. The company started out as a couple of guys with an idea to create an electronic version of paper facebooks and to add the elements of Friendster around it.