Thread regarding Meta / Facebook layoffs

It’s starting

Heard from an ex-colleague who is L7 at META.

Every director and above is given a target to reduce staff by 10% - 15%. If they meet 15% and keep the productivity alive then raise for some directors.

Employees will start receiving emails on improvement plan along with an option to resign starting next week.

RIP META. F*** ZUCK.

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| 1865 views | | 5 replies (last )
Post ID: @OP+1iYNSA8C

5 replies (most recent on top)

All bragging about their TC a few years ago and now this. Meta won't be the last of the big FAANGS to humble some of their godly software engineers this coming downturn.

It's going to become a zero sum game internall too. And in this new tech cycle they will have one of the worst company names to have on your CV.

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Post ID: @1wrn+1iYNSA8C
Employees will start receiving emails on improvement plan along with an option to resign starting next week.

Nice to know they are being flexible about it.

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Post ID: @olj+1iYNSA8C

15% is just for starters. Nobody really believes that will be the only reductions. I mean FB's biz model isn't going to recover overnight, if ever.

But the good news is it's FB, so no great loss.

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Post ID: @xua+1iYNSA8C

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