Meta employees are anticipating massive layoffs as the company cracks down on poor performers.
The company intends to drastically raise performance goals and “transition out” anyone who fails to meet them.
It is expected that the cuts to the number of staff could be as high as 10 percent this year.
A Meta employee described a “witch hunt” atmosphere at the workplace where engineering managers appear to be looking for people to fire by unexpectedly and frequently mentioning performance standards in team messages.
Lori Goler, Meta’s human-resources head, wrote an email earlier this month stating layoffs for those unable to fulfill objectives as the firm began to operate with “increased intensity.”
Another employee said Meta made an “offer to leave” the company, with a negotiated severance package.
Instead of waiting until later in the year, this person accepted the offer.
However, the company denied the claim, saying: “We don’t have any plans for layoffs at this time.”
“Any company that wants to have a lasting impact must practice disciplined prioritization and work with a high level of intensity to reach goals.”
“The reports about these efforts are consistent with this focus and what we’ve already shared publicly about our operating style.”
Goler’s memo instructed managers to create high-performing teams and prioritize aggressively.
Facebook, which last year rebranded to Meta Platforms, has aggressively hired over the last two years.
It had over 78,000 employees in March, a 30 percent increase from the previous year.
In the midst of the pandemic, Meta attempted to reinvent itself as the company constructing “the metaverse,” an immersive digital environment that Mark Zuckerberg views as the future (however distant) of the internet and his company.
In 2020, Facebook launched a program called “adjusted expectations,” which allows for more flexible metrics and performance standards.
Employees were even opt to set their own targets that are lower than pre-pandemic expectations.
However, as the pandemic’s impact fades, the corporation is moving away from this adaptability.
Employees at Meta previously stated they expected layoffs in early May after the business implemented a partial hiring freeze and a companywide recruitment slowdown.
In a message regarding the freeze, CFO, David Wehner, stated that the firm will be “reprioritizing work” and “reviewing headcount allocation.”
This came shortly after Zuckerberg stated publicly that fewer employees at Facebook would make it a “better company.”
During a weekly Q&A session late last month, Zuckerberg stated that the firm will set “more aggressive goals” in order to remove people who couldn’t attain them.