Mark Zuckerberg stated that he plans to raise the bar on performance management, describing this period as intense and emphasizing the need for the best employees on the teams. He expressed that usually, they manage out low-performers over the course of a year, but this time, extensive performance-based cuts will occur more swiftly. He stressed that maintaining a strong team is critical as the company anticipates a challenging year ahead.
The CEO pointed out that the job cuts would affect only those who have been at Meta long enough to qualify for a performance review. He also reassured employees that those who lose their jobs would receive generous severance packages, consistent with past cutbacks. The intention behind the performance management revisions is to ensure that Meta is equipped with high-caliber talent as they navigate forthcoming challenges.
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