Facebook Layoffs: American tech company Meta had massive layoffs in November last year. The company had fired about 13 percent of the workforce. Meta CEO Mark Zuckerberg took full responsibility for the move.
Meta-Layoffs 2023: social media platform facebook holding company meta I can once again see the smell of retrenchment. Thousands of employees are now facing retrenchment after 11,000 employees were fired by handing them pink slips. The tech firm has received a review of the poor performance of thousands of employees, raising fears that the giant tech company may decide to lay off once again.
Recently there has been a phase of performance review in Meta. According to a Wall Street Journal report, about 7,000 employees have been ranked ‘subpar’ by Meta based on their performance reviews. It further added that Meta has removed the bonus metric as well. Getting a low rating means that more employees will be discharged from Meta. In such a situation, the possibility of retrenchment is being seen once again.
2023 will be the year of efficiency
A Meta spokesperson says the company has always had a goals-based structure of high-performance, and the company’s review process aims to foster long-term thinking and high performance while helping employees receive actionable feedback. To promote quality work. The company’s CEO Mark Zuckerberg has announced to celebrate 2023 as the Year of Efficiency.
next round of layoffs
If the departments are not removed as per the requirement, then the company can think about the next round of retrenchment. Zuckerberg told investors last year that we have been less on straightening the organization structure and removing the middle management layer to make faster decisions. The company can also use AI tools to make engineers more productive.
first layoff in history
Earlier in November 2022, Meta had shown the way out to 13 percent of the workforce. In this, about 11,000 people had to lose their jobs. The company’s CEO Mark Zuckerberg took full responsibility for this decision. Apart from this, he had also apologized for the retrenchment. This was the first time in the history of Facebook, when the company laid off.
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