Things aren't looking too good for the metamates and the full picture of Facebook-turned- Meta's layoffs is coming further into focus. According to Insider, the company is planning a mass round of layoffs, which could affect up to 15% of the company.
Roughly 12,000 people are at home. Why are they being called layoffs? Insider's sources say that Facebook has begun the process of shifting performance expectations rather than firing everyone at once.
According to Insider's sources, Zucko ordered managers to label 15 percent of their team members as needing support, shortly before the company Q&A where he announced a hiring freeze and a plan to "manage out employees who aren't succeeding"
Anyone who needs support is put on a performance improvement plan. Employees think that "PIP" means "You're Screwed."
According to a report, one Facebook worker posted on an anonymous forum that 15 percent of their work force will be put on the Personal Injury Protection program. Employees will have 30 days to either apply to another position in the company or leave the company.
A number of managers have been told to look for new jobs and are at risk.
They are being forced out, but it might look like they are moving on.
While Zuck wants to keep this massive workforce slash, Meta's last few quarters speak loudly. Its inability to compete with TikTok has caused setbacks. Billions of dollars have been poured into the chief metamates's metaverse vision.
It has been a bad year for Facebook. It could be put on a performance improvement plan. It's clear that the whole thing needs some help.
There are more on the layoffs on the Facebook page.
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