Mark Zuckerberg punishes thousands of Meta employees with low grades and fears further layoffs

In its most recent round of employee appraisals, Meta, owner of Facebook, Whatsapp and Instagramhas qualified over 7,000 of its current employees as employees “Below Average”. Amid rumors of layoffs, the situation worries the company’s workers.

According to a survey by Wall Street JournalMeta released unsatisfactory performance ratings at nearly 10% of your staff. This indicates that approx 7,000 employees scored unsatisfactory in their annual reviews.

Meta managers gave nearly 10% of employees a “satisfy most” rating, the company’s second-lowest performance rating. The lowest possible score is called “meet some.”

“We’ve always had a goal-based, high-performance culture,” a Meta representative told the Wall Street Journal, “and our review process it is intended to encourage long-term thinking and high-quality work, while enabling workers to achieve practical results.

According to sources close to them, Meta’s management “hopes that the qualifications will lead to more personnel being left the next few weeks”, according to the Wall Street Journal.

“If not enough people leave, the company will explore another wave of layoffs”, reads the article.

Meta has already fired 11,000 people

In November 2022, Meta announced its decision to lay off 11,000 employees, which roughly meant it would lay off about 13% of its workforce.

Since early last year, Meta executives had been suggesting that underperforming employees wouldn’t last long at the company.

“Realistically, there are probably a lot of people in the company who shouldn’t be here,” Zuckerberg said.

Rumors of the second round of layoffs began to gain traction as Meta executives they did not share budgets with team managers working punctually on different projects in Meta.

As a result, employees said “zero work” was taking place as supervisors were unable to predict their future responsibilities.

Zuckerberg’s “Year of Efficiency”.

Earlier this month, it was reported that Meta CEO Mark Zuckerberg named 2023 as “year of efficiency” and hinted at more layoffs at the company.

The young CEO, on Meta’s fourth-quarter earnings conference call, had stressed that the last thing they need is a system that has multiple “managers supervising managers.” than the employees doing the work.

With this comment he hinted at a new round of layoffs, which will result in the departure of several executives from the organization.

He also said he hoped to speed up the company’s decision-making process.

All of this development has endangered Zuckerberg, of course. Mark Zuckerberg’s security post has increased following his comments about possible firings.

the target will now spend Another $4 million in security for the CEO. Zuckerberg previously had a $10 million security allowance. But the company would now pay 14 million for the same.