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Today β€” 14 January 2025Main stream

Meta could make performance-based job cuts an annual practice, leaked memo suggests

14 January 2025 at 12:48
Meta CEO Mark Zuckerberg.
Meta CEO Mark Zuckerberg.

Alex Wong via Getty Images

  • Meta may plan for annual performance-based job cuts to boost employee performance.
  • The strategy aims to increase "non-regrettable attrition" and remove the lowest performers.
  • Affected employees will still receive bonuses and stock vesting despite the layoffs.

Meta's performance-based job cuts could become an annual occurrence, according to an internal FAQ document viewed by Business Insider.

The document, shared with employees by Hillary Champion, Meta's director of people development growth programs, addresses whether Meta's upcoming performance-related layoffs will happen every year.

"We are committed to a culture of high performance and are trying to raise the bar by increasing our annual non-regrettable attrition and moving faster to move our lowest performers out," Champion's memo says. "We may use future performance cycles to do that."

The development comes amid an already intense review process designed to cut about 5% of Meta's workforce deemed to be its lowest performers. These cuts are set to be finalized by February 10 for US-based employees, with some international notifications occurring later.

The FAQ also reassures employees that location will not influence their ratings or termination risk and confirms that anyone impacted by the performance reviews will still receive their February 15, 2025 vesting, any due dividends, and bonuses if any are eligible.

Do you work at Meta? Contact BI reporters from a nonwork email and device at [email protected] and [email protected].
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Read the original article on Business Insider

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