Facebook employees should prepare for a rigorous performance review or quit, says Mark Zuckerberg.
During a weekly employee Q&A, Zuckerberg also stated that the company is "turning up the heat" on performance management to remove employees who are unable to fulfil their goals.
Meta has issued a warning to its staff, telling them to prepare for "serious times" ahead. Meta is actively reducing its hiring. CEO Mark Zuckerberg of the firm disclosed a nearly 30% reduction in the company's planned engineering hiring. During a weekly employee Q&A, Zuckerberg also stated that the company is "turning up the heat" on performance management to remove employees who are unable to fulfil their goals.
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"Realistically, there are probably a bunch of people at the company who shouldn't be here," according to Zuckerberg.
Meta has generally acknowledged freezing the employment process but has declined to provide specific numbers. According to Zuckerberg, the corporation has lowered its goal for employing engineers in 2022 to between 6,000 and 7,000. Initially, the corporation had intended to bring on approximately 10,000 new engineers, but things have changed.
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The largest social network firm in the world, Meta, had a loss in daily active users recorded by Facebook this year, which caused Meta to lose approximately half of its market value. The popularity of Instagram Reels is growing, though. Users in the US and other markets were spending a lot of time on Reels, according to Cox.