> “I’ve decided to raise the bar on performance management and move out low-performers faster,” Zuckerberg said in an internal memo, according to Bloomberg. “We typically manage out people who aren’t meeting expectations over the course of a year, but now we’re going to do more extensive performance-based cuts during this cycle.”
> CNBC reports that affected employees will be notified by Feb. 10, giving them a month to stew over their fate and brace for the worst. Those let go will receive severance similar to what previous laid-off employees got, the report claims. In 2022, when Meta slashed nearly a quarter of its workforce, the company offered a severance package that included 16 weeks of base pay, plus two additional weeks for each year of service (with no cap), full payout of remaining PTO, six months of healthcare, three months of career support, and immigration assistance.
rvz•1mo ago
He's talking about the coasters, saw a couple of posts spreading from X, Reddit and Blind about Meta layoffs.
randycupertino•1mo ago
> CNBC reports that affected employees will be notified by Feb. 10, giving them a month to stew over their fate and brace for the worst. Those let go will receive severance similar to what previous laid-off employees got, the report claims. In 2022, when Meta slashed nearly a quarter of its workforce, the company offered a severance package that included 16 weeks of base pay, plus two additional weeks for each year of service (with no cap), full payout of remaining PTO, six months of healthcare, three months of career support, and immigration assistance.