Apparently Meta announced internally this week it is forcing directors to set 15% of their org as “Needs Support”. These 15% will likely be put on PIP and let go. This was after orgs had already gone through 1 quarter of mandated “Needs Support” marking and PIPs (though not any mandated percentage) so this new round could hit most of the people just below meeting expectations. #meta
Writing was already on the wall. I joined in June but am working real hard to not be in “Needs Support”. I’ve seen ppl taking severances already. Surprised they are doing this further lol
I hope they do this at Salesforce as well so we can clean up this place
Unless this is Marc Benioff posting on Blind, you shouldn’t wish your colleagues get axed. Just focus on what you’re doing, let others make a livelihood
No. I'm tired of chasing slackers all day taking naps at home. People need to earn their ridiculous paychecks
How true is this number? 15% that would mean > 10k ppl
Too many slackers at Meta
Even bottom of the barrel engineers are probably way above average. Meta is trying to reduce cost to Hopefully improve earnings and stock. If you lose your job as a fb engineer there are thousands of companies that will hire you. These companies won't pay you more thank 150K most likely and won't be tech companies but will employ you
@Microsoft what are those companies? Non tech?
This is why you never put yourself out for your employer. They’ll cut you loose in a heartbeat
I'll say it again....asking directors to mark People as MM or needs support when it's a spending issue is unethical.
Can some manager/directors level people at meta confirm this? Any screenshot of such posts?
already leaked: https://www.bloomberg.com/news/articles/2022-09-29/meta-announces-hiring-freeze-warns-employees-of-restructuring?srnd=premium
I was talking more about what OP said that specific 15% people given lower ratings and put on PIP. Is there any source post about that
They let go of all contractors today
Is it something followed in all big tech companies these days or just Meta? Is it due to the famous economic crisis we hear about leading to hiring freeze in most companies and budget cuts?
Could be but also meta shit the bed. Products are flailing and when that happens companies stop progress and retract to making money on investment revenue and status quo
Could it be that tech companies have operators at the high end of the market for years and the slowdown is finally catching up with them? Maybe there will be a recession but this was ALWAYS bound to happen in FAANG companies. There is a limit to high you can drive offers until it starts cutting into your bottom line. This is why many established decades long organizations don't push to compete with to tech companies. They think longevity and what are the business practices that got this companies there.
Won't happen with Meta. It would be more like 5%-10% would leave on their own over a period of 2-3 years.
I mean it is happening. Source: I work at Meta
I don't believe it unless I see it on public blind. There has to be concrete posts that would hint towards such a drastic 10% PIP Quota rule. Some document/email/wiki page that points to such a change in policy ? Any internal blind posts from someone higher up the chain at E6/E7 level that can validate such a policy? Else it's just rumours and BS that have been going on since Zuckerberg's statement about turning on the heat.