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Thousands of Meta employees have received poor performance reviews from the company after nearly 11,000 employees were given pink slips in November last year, according to a report, raising fears that a fresh round of layoffs may begin at tech giant Meta. Could.
‘subpar’ rating to 7,000 employees
Citing The Wall Street Journal, Moneycontrol reported that nearly 7,000 employees were fired in a recent round of performance reviews. meta It was rated ‘subpar’ by Reuters, which stated that the firm had overcome even the bonus metric. “The low rating could lead to more employees exiting Meta,” a source in The Wall Street Journal reported.
What did the Meta spokesperson say?
whereas in this case Meta “We’ve always had a goals-based framework of high performance, and our review process aims to encourage long-term thinking and high-quality work while helping employees become actionable,” said a spokesperson.
Layoffs have already happened, Zuckerberg apologized
Let us tell you that Meta’s Menlo Park-headquartered firm had terminated 13% of its work force, for which Meta CEO Mark Zuckerberg apologized for the job cuts and took accountability for the move. This was the first layoff in the history of the company that was previously named Facebook, and was founded in January 2004, renamed again in October 2021. Apart from Facebook, it is also the parent organization of Instagram and WhatsApp.
What is Pink Slip?
Pink slip means the notice of dismissal given to an employee. A pink slip in an official notification means that the position of the worker has been abolished or the services of the worker are no longer required.
Understand ‘subpar’ rating like this
Subpar ratings are given to employees performing below normal or normal level, if we understand from this point of view, Meta has given notice to its 7000 employees whose work efficiency is mediocre, whose retrenchment is also possible.
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