Close Menu
FintechFetch
    FintechFetch
    • Home
    • Fintech
    • Financial Technology
    • Credit Cards
    • Finance
    • Stock Market
    • More
      • Business Startups
      • Blockchain
      • Bitcoin News
      • Cryptocurrency
    FintechFetch
    Home»Business Startups»Fired Meta Workers Say They Have Records of Good Performance
    Business Startups

    Fired Meta Workers Say They Have Records of Good Performance

    FintechFetchBy FintechFetchFebruary 12, 2025No Comments3 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Meta began layoffs for U.S. workers at 5 a.m. PT on Monday, letting workers know if they were still employed via emails. The job cuts affected 5% of Meta’s 72,000-person global workforce, or about 3,600 employees, and were framed by CEO Mark Zuckerberg as a way to move out low performers at the company.

    However, a new report from Business Insider found some affected workers had a track record of high achievement, performing well in their 2024 midyear reviews before suddenly being downgraded to a lower tier in Meta’s 2024 year-end performance review system.

    Business Insider interviewed eight laid-off employees who told the outlet that they received mid-level “At or Above Expectations” ratings on their midyear 2024 assessments but were pushed down to “Meets Most,” a lower-level rating, for their 2024 year-end performance reviews. The lower rating caused them to be fired on Monday.

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

    Internal guidance sent to Meta managers in January from Hillary Champion, Meta’s director of people development growth programs, told managers to bring employees from higher performance categories into lower performance tiers to meet targets. Managers had to ensure that 12% to 15% of their team was grouped in the “Meets Most” or below categories, making them eligible for layoffs.

    Terminated employees with steady histories of high performance were shocked when they got the email on Monday.

    “When I received the email I was surprised by it mostly because I have a very solid performance history and no indicators of the last six months of performance problems,” a terminated Meta employee told BI.

    Meta CEO Mark Zuckerberg. Photographer: David Paul Morris/Bloomberg via Getty Images

    Other laid-off employees posted their past performance reports to Workplace, Meta’s internal platform, with one affected worker stating that they met or exceeded expectations for four years before being pushed down to “Meets Most” in late 2024.

    Another worker said they suddenly dropped two rating levels from “Exceeds Expectations” in their midyear 2024 assessments to “Meets Most” for their 2024 year-end review without any manager feedback about why they had been downgraded.

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

    These terminated employees question Meta’s public stance that the layoffs only affected low performers and say that the company could damage the reputations of affected employees as they look for new work.

    “The hardest part is Meta publicly stating they’re cutting low performers, so it feels like we have the scarlet letter on our backs,” one affected employee told BI. “People need to know we’re not underperformers.”

    “Now people have to go back out into the job market with a label that is incredibly unfair,” another Meta employee previously told BI.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleZcash (ZEC) and NEAR Protocol Join Hands: Will This Rejuvenate The Crypto OG?
    Next Article Manulife Asia Names New CEOs for Singapore, Indonesia, and Japan
    FintechFetch
    • Website

    Related Posts

    Business Startups

    Why Your Next Big Business Innovation Should Be Your Legal Strategy

    August 8, 2025
    Business Startups

    Why Entrepreneurs Should Stop Trying to Avoid Conflict

    August 8, 2025
    Business Startups

    How to Turn Off Instagram’s New Map Feature

    August 8, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Over 11,000 DBS and Bank of China Customers Affected by Ransomware Attack on Vendor

    April 8, 2025

    [LIVE] Bitcoin Back Above $118K After Slight Crypto Dip Yesterday Night: ETH, HYPE, XRP, And Solana Bounce

    July 23, 2025

    Four Trilion Crypto Market Cap: Bullrun not Stoping, Not Yet

    July 28, 2025

    TRUMP Meme Coin Leads This Week’s $1.57B Token Unlock Wave

    July 15, 2025

    XRP Breaks Key Barrier, Surges Past 100-Day SMA And $2.7 Resistance

    February 16, 2025
    Categories
    • Bitcoin News
    • Blockchain
    • Business Startups
    • Credit Cards
    • Cryptocurrency
    • Finance
    • Financial Technology
    • Fintech
    • Stock Market
    Most Popular

    Best Wallet Hits $9M Presale Milestone and Paves the Way for Next-Gen Crypto Trading

    February 4, 2025

    Nvidia CEO Jensen Huang Now as Wealthy as Warren Buffett

    July 11, 2025

    THENA THE Crypto Explodes as DeFi Takes Center Stage on BNB Chain

    July 16, 2025
    Our Picks

    Why Your Next Big Business Innovation Should Be Your Legal Strategy

    August 8, 2025

    SharpLink Raises $200 Million to Grow Its Ethereum Treasury

    August 8, 2025

    Ripple’s XRP Silences Doubters With Explosive 25% Rally in Days

    August 8, 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.