Meta's performance-based job cuts could become an annual occurrence, as detailed in a recent internal FAQ. The aim is to foster a culture of high performance by increasing annual non-regrettable attrition and systematically moving low performers out. According to Hillary Champion, director of people development, Meta is committed to this strategy to elevate performance standards and ensure a more competitive workforce.
The upcoming cuts aim to finalize by February 10 for US-based employees, affecting around 5% of the workforce identified as the lowest performers. International notifications will follow later. This strategic shift is designed to maintain operational efficiency and bolster overall productivity by ensuring that all employees contribute effectively to the company's goals.
Importantly, despite these layoffs, affected employees will still receive their bonuses and stock vesting, which reassures workers that their prior contributions are recognized even amidst challenging performance evaluations. Champion's approach aims to deter fears related to job security while emphasizing the necessity of maintaining high performance across the organization.
Collection
[
|
...
]