A Business Insider report said that before a recent weekly Q&A session between the staff and chief executive officer Mark Zuckerberg<\/a>, executives told directors across the company they should select at least 15% of their teams to be labelled as “needs support” in an internal review process.
This selective restructuring hints at a possible layoff of about 15% of the workforce, or about 12,000 employees.
According to the report, the potential layoffs were revealed last week in a post by a Meta worker on Blind – an app popular with tech workers that requires a valid company email address to use anonymously.
“These 15% will likely be put on PIP (performance improvement plan) and be let go,” the person wrote, prompting hundreds of comments from other Meta workers, who debated how many people would be sacked.
In Facebook's employee-review process, someone who is “in need of support” is considered to be performing below the benchmark goals. Such employees are put on a PIP, which more often than not results in layoffs.
With so many people deemed to be underperforming, and some being given 30 days to find a new position at the company or leave, one staffer said Meta was basically conducting \"quiet layoffs”.
Last week, Meta announced a pause in hiring and subsequent restructuring as recession fears loomed large across the globe.
The Facebook parent’s decision follows similar moves by other tech majors such as Apple, Microsoft and Google. These firms have frozen hiring or begun handing out pink slips to their staff to rationalise costs and maintain operating margins.
“I had hoped the economy would have more clearly stabilised by now, but from what we're seeing it doesn't yet seem like it has, so we want to plan somewhat conservatively,\" Zuckerberg told employees during the weekly Q&A session.
He said Meta would cut budgets across most teams and individual teams would have to figure out how to handle the headcount changes. In June, Meta said it planned to cut its hiring of engineers by at least 30% this year.
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