Close Menu
FintechFetch
    FintechFetch
    • Home
    • Fintech
    • Financial Technology
    • Credit Cards
    • Finance
    • Stock Market
    • More
      • Business Startups
      • Blockchain
      • Bitcoin News
      • Cryptocurrency
    FintechFetch
    Home»Business Startups»Meta Layoffs Begin: Inside Meta’s Rankings of Low Performers
    Business Startups

    Meta Layoffs Begin: Inside Meta’s Rankings of Low Performers

    FintechFetchBy FintechFetchFebruary 10, 2025No Comments3 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Meta has started performance-based layoffs affecting 5% of its 72,000-person workforce or around 3,600 global employees.

    Laid-off U.S.-based Meta employees were notified on Monday, February 10 at 5 a.m. PT via an email sent to their work and personal email addresses. Employees in Europe and Asia were notified the day prior.

    The Information reports that laid-off employees lost access to Meta’s internal systems within an hour and learned about their severance packages via email. Two sources told Business Insider that U.S. workers received a severance package that includes 16 weeks of pay, plus two weeks for each year at the company. The package is identical to the one received by Google employees in January 2023 when Google eliminated 12,000 positions.

    Related: Meta Informs Staff that Layoffs Will Begin Monday Morning in a Now-Leaked Internal Memo

    How Does Meta Identify ‘Low Performers’

    Meta CEO Mark Zuckerberg announced the layoffs through an internal memo in January, stating that the cuts would target “low performers.”

    Meta’s layoffs target employees who received low scores in their performance reviews after only meeting some or none of their job goals. BI reports that Meta managers have to give 12% to 15% of their team lower rankings and, in some cases, are forced to place team members into lower categories to meet the target.

    It’s unclear who was laid off and from which departments.

    “Mark is creating fear,” one Meta employee told BI. “He’s creating a culture where you have to be loyal to him or else.”

    One Meta employee told BI that labeling the layoffs performance-based could damage the reputations of affected employees.

    “Now people have to go back out into the job market with a label that is incredibly unfair,” they stated.

    Related: Meta Reminds Staff of Its Strict No-Leaks Policy — That Has Since Been Leaked to the Press

    One employee impacted by the layoffs, Brittney Ball, took to X to share the news. She explained that she was let go after five years at Meta and outlined six reasons why companies should hire her, including that she had helped over 3,000 people break into tech.

    Justin Allen, a senior user experience designer at Oculus Studios, posted on LinkedIn on Monday that he was impacted by the layoffs while Meta technical recruiter Carl Wheatley posted on the same platform that he knew recruiters and product designers who were let go too.

    Unfortunately, after 5 years, I was impacted by the Meta layoffs today. However, here are some reasons why you should hire me:

    – Helped over 3,000 individuals break into tech
    – Organized the Black Tech Gala with over ten Bay Area tech companies, attracting over 3,500… pic.twitter.com/08jg6OXNaK

    — Brii (she/her) ????✊??? (@Brii_toe_knee) February 10, 2025





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleWho Is Siddarth Bharwani? And Why Is Michael Saylor Promoting An Indian Company’s Bitcoin Strategy?
    Next Article PU Prime Launches ‘Feather Your Trades’ Promotion to Support Traders and Enhance Confidence
    FintechFetch
    • Website

    Related Posts

    Business Startups

    This week in business: Cinnamon scares, AI badges, and gold’s big glow-up

    October 18, 2025
    Business Startups

    Why did Apple subtract the “+” from Apple TV?

    October 18, 2025
    Business Startups

    Banking with MrBeast?

    October 18, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Bitcoin CME Gap Is Still Open, Why $78,000

    February 28, 2025

    Harvard Business Happiness Expert Shares Money, Career Tips

    August 10, 2025

    TransUnion Reveals Extent of Financial Pessimism in US Households Over the Next 12 Months

    June 18, 2025

    Vietnam Shifts Toward Digital Investment

    June 13, 2025

    GameStop Bets Big on Bitcoin with a $1.3B Purchase Plan

    March 27, 2025
    Categories
    • Bitcoin News
    • Blockchain
    • Business Startups
    • Credit Cards
    • Cryptocurrency
    • Finance
    • Financial Technology
    • Fintech
    • Stock Market
    Most Popular

    Report Debunks Bitcoin ‘Safe Haven’ Narrative, Highlights Diversification Role

    May 11, 2025

    Digital Finance Platforms Fill MSMEs’ Financing Gap in Asian Developing Markets

    March 21, 2025

    XRP Bears Resurface—Key Levels to Watch Now

    February 27, 2025
    Our Picks

    Analyst Predicts XRP Price Will Hit $1,200 With 50,000% Run Driven By These Factors

    October 18, 2025

    Ebury Opens Birmingham Office to Capture Midlands’ Export and Manufacturing FX Demand

    October 18, 2025

    This week in business: Cinnamon scares, AI badges, and gold’s big glow-up

    October 18, 2025
    Categories
    • Bitcoin News
    • Blockchain
    • Business Startups
    • Credit Cards
    • Cryptocurrency
    • Finance
    • Financial Technology
    • Fintech
    • Stock Market
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2024 Fintechfetch.comAll Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.