Meta is cutting 5% of its ‘lowest performers’
Posted: Jan 14, 2025
- Meta, formerly known as Facebook, is cutting about 5% of its workforce, potentially affecting 3,600 workers
- CEO Mark Zuckerberg is aiming to remove low-performing employees quicker through more extensive performance-based cuts
- Recent policy changes at Meta include replacing top executives, ending fact-checking programs, and allowing new types of content on its platforms
- Critics believe these changes are to favor the incoming government
- Meta previously laid off 11,000 employees in November 2022 due to the Covid-19 pandemic
Starbucks ends its 'open-door' policies
What do people on Reddit think?
🚨 Reddit sentiment: negative - The majority of comments express concern and criticism about Meta's strategy, highlighting potential issues with workplace culture and management techniques. Summarized comments: - Concerns about the negative impact of stacked firing or forced distribution on workplace culture and innovation - Comparisons to Amazon's culture where similar practices have led to sabotage among employees - Criticism of using a controversial performance management technique that might not be suitable for long-term success - Doubts about the effectiveness of identifying the 'worst 5%' and the assumption that job roles are well-defined - Mention that such practices are common in Wall Street firms but are criticized as a bad practice - Speculation that Mark Zuckerberg himself might be contributing to a negative outcome with the Metaverse project Stock tickers discussed: $META
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