Posted on 10/06/2022 7:57:58 AM PDT by libh8er
The full picture of Facebook-turned-Meta's rumored layoffs is coming further into focus — and, well, things aren't looking too good for the metamates. Insider reports that the company is planning a mass round of "quiet layoffs," which could impact up to 15 percent of the entire company. For the folks at home, that number would equal roughly 12,000 employees. And the reason why they're being called — whisper voice — quiet layoffs? According to Insider's sources, Facebook has already started the process, which it plans to execute via shifting performance expectations rather than outright firing hordes of staffers all at once.
Rest in PIPeace
Insider's sources allege that last week — shortly before the company Q&A where Facebook CEO Mark Zuckerberg announced a hiring freeze and a plan to "manage out employees who aren't succeeding" — Zucko commanded managers to label 15 percent of their team members as someone who "needs support."
Per Facebook's employee review process, anyone who "needs support" is then put on what they call a "performance improvement plan," or PIP. Although in this case, employees seem to believe that "PIP" actually translates to "You're Screwed."
"These 15 percent will likely be put on PIP and be let go," one Facebook worker reportedly posted on an anonymous forum called Blind, a popular app in Silicon Valley. Once they're on PIP, sources say, employees will then have 30 days to either apply to another position in the company or depart entirely.
Managers are at risk, too — one source alleged a number of them have already been PIP'd and told to find new jobs. "It might look like they are moving on," the source explained, "but the reality is they are being forced out."
Needs Support
But while Zuck is clearly wanting to keep this massive workforce slash on the hush-hush, Meta's last few quarters speak loudly (as does randomly renting out the UFC Apex arena, but we digress). Blows to its advertising revenue stream have caused major setbacks, as has its failure to compete with TikTok. Elsewhere, billions have been poured into the chief metamates's metaverse vision, which has pretty much nothing to show for itself just yet.
Basically, it's been a bad year, and Facebook has a lot to figure out. Might we suggest, perhaps, putting it on a performance improvement plan? The whole thing is clearly in need of some support.
I never metamate I didn’t...well, actually I’ve never metamate, so I wouldn’t know.
When Sheryl Sandberg announced she was leaving her No 2 role “to focus on philanthropy” it was the first sign there was trouble in paradise.
If you are trying to remove 15% of your company, PIP should be illegal. Cali labor board is going to rake them over the coals.
. . . and hiring thousands more Chinese nationals to take their places?
couldn’t happen to a nicer bunch of amateurish political hacks.
Right out of the Jack Welch/GE playbook, which was ‘fire the bottom 10% every year.’ It sucked then, and it sucks now, especially if you have a group of high performers.
“Meta” in Hebrew means “is dead”. 😬— Michael Dickson (@michaeldickson) October 28, 2021
“Fact checkers” safe?
Fire all the fact checkers
Dead weight anyway. They can start with the hundreds of censors.
I remember when Sun Microsystems CEO spent huge amount of effort to attack Intel and Microsoft.
Instead of addressing their process technology problems, they spent all their effort in propaganda.
At Intel, we laughed at their efforts as Pentium was very close to reality.
When we got all the bugs fixed (and it took awhile), we had a processor that was far better than Sun.
They died soon after it.
Its too bad as I really liked their software.
Their licensing $$$ was the last nail in their coffin.
Funny you say that because Facebook’s headquarters was a Sun Microsystems facility.
Let’s have a moment of grief for Fakebook ... I mean Facebook ... Waaaaaaaa Bwhahahahahaha
Once the Pentium became stable and Windows natively supported LANs, it was all over for Sun, and Scott McNealy knew it.
He’s dead, Jim...
All them woke Twitter employees who thought they were going to be able to hold the company hostage if Musk takes over can’t be excited about this news. Rent ain’t cheap in the Bay area.
Is this an attempt to get around the WARN act?
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