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> 15 per cent of the workforce could be cut within the next few weeks > some 12,000 employees could be out of jobs soon. > "It might look like they are movin
by yodsanklai 4y ago
> 15 per cent of the workforce could be cut within the next few weeks
> some 12,000 employees could be out of jobs soon.
> "It might look like they are moving on, but the reality is they are being forced out,"
If Meta is going to fire 15% of their staff within the next few weeks, it's not going to be quiet. The way they usually fire under performers isn't abrupt. People get consistent bad evaluations over a couple of halves, then go to a performance improvement programs. I'd assume that this type of things is a legal requirement in Europe.
Not sure how this is going to work.
- JKCalhoun 4y agoI assume whole teams will be let go. That would be a lot more expedient and less prone to discriminatory accusations than the more extended method you describe.
- mattbrewsbytes 4y agoI think they aren't firing people, they are laying off people. The difference is one has cause (not doing work up to standard, performance, behavior probs) the other is just giant corporation randomness of cancelling products, teams and managers being approached with "give me 15% of your team" types of requests. They need to file legal paperwork for layoffs of this size so "quiet" isn't really a good description. This many people is like $1.2B annually in savings if every person averages to $100k (which is conservative). They have stated they are leaning into AR/VR and their quarterly reports show other businesses are flat or shrinking. Its okay to have a business division that has a known profit margin and market share and not invest in furthering to expand it.