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The original Business Insider article - referenced by the article linked on this post - writes [1] "Executives told directors across the company that they shou
by gregdoesit 4y ago
The original Business Insider article - referenced by the article linked on this post - writes [1]
"Executives told directors across the company that they should select at least 15% of their teams to be labeled as 'needs support' in an internal review process, one of the people who spoke with Insider said."
So, as per Insider - and the article this post is about -, this information should be below the VP-level now, at director levels, and widespread in the organization as per Insider's reporting. I talked with people who supposedly should have been told about this 15% target. In engineering, I could not find any sources (including at director-level people).
We'll see soon enough if the Business Insider article is right, as the article claims:
"Several employees told Insider that as much as 15 per cent of the workforce could be cut within the next few weeks."
Let's check back mid-November to see if this did happen by then. If it would, there will be plenty of news on it.
I would not see the business sense. It does not mean that I am right. I offer my analysis, and I cannot predict what will happen, beyond assigning likelihoods to events. I assign a low likelihood of engineering layoffs happening at Meta the coming months. I see an even lower likelihood when considering that right now Business Insider reported about the performance review touchpoint happening - as previously planned - which tends to not be a trigger for letting people go, at least not in bulk.
[1] https://www.businessinsider.com/facebook-quiet-layoffs-will-impact-thousands-of-jobs-employees-say-2022-10?international=true&r=US&IR=T https://www.businessinsider.com/facebook-quiet-layoffs-will-...