Meta's situation is getting more and more difficult, or it will introduce the last elimination system.

Meta's situation is getting more and more difficult, or it will introduce the last elimination system.

Meta's situation is getting more and more difficult, or the last elimination system will be introduced. This news shocked many employees, who were worried that Meta might take measures such as layoffs, salary cuts or narrowing promotion channels. Meta's situation is getting more and more difficult, or it will introduce the last elimination system.

Meta's situation is getting more and more difficult, or the last elimination system of 1 will be introduced. According to foreign media reports, Maher Saba, the engineering director of Facebook's parent company Meta, sent a notice to the engineering manager, asking him to find out some employees with the worst performance in the team and report the list to the human resources system.

Saba wrote in the email, "If your direct reports are lazy or underperforming, then they are not the people we need, and they can't adapt to this company. As a manager, you can't let people who can't make positive contributions to Meta stay in the company. " Obviously, Meta is learning from Tesla's large-scale layoff plan, which adopts the bottom elimination system.

(Source: Meta)

Zuckerberg, the founder of Meta, said in a conference call this month that not all employees meet the standards of Meta, and some people may leave the company voluntarily because of the upcoming economic recession. This year, the recruitment plan for engineers will be reduced by at least 30%, and the number of employees will be reduced from 10000 to 6000~7000.

Although the news shocked many employees, they were worried that the company would lay off employees, reduce salaries or narrow promotion channels. But obviously, it is useless for everyone to worry too much, and layoffs will still go ahead as planned. Fortunately, Meta will give priority to eliminating people who have no positive contribution, which is also reasonable. Employees with good performance need not worry about being laid off for the time being.

In the past two years, the development situation of Meta has indeed become increasingly pessimistic. Since the beginning of this year, its share price has fallen by more than 50%. Coupled with the serious inflation in the United States, layoffs are also helpless. Last year, Apple released a brand-new privacy protection policy, and applications must be authorized by users to read their private data and track and push advertisements. This practice has severely hit Facebook's advertising business, and Zuckerberg even wants to sue Apple.

(Source: Meta)

In addition, in order to cope with the crazy expansion of Tik Tok, Meta is actively promoting short video services, but the performance seems to be unsatisfactory. The number of Facebook users in Base Camp is also declining year by year and continues to flow to other platforms such as Twitter. Meta also tries to bet the company's future on the "new tuyere" meta-universe, and promote the development of virtual reality technology and meta-universe concept by virtue of the company's influence in the VR/AR market.

However, before the metauniverse was truly popularized, many ethical and criminal cases broke out one after another, which directly poured cold water on the metauniverse. Obviously, this technology is not perfect at present, and it has little practical significance, and it is still far from entering the daily life of consumers. How to go in the future of Meta? Layoffs may not solve the difficulties faced by the company.

Meta's situation is getting more and more difficult, or it will introduce the last elimination system. Meta, the parent company of social platform Facebook, will introduce the "last elimination system".

On July 1 1 local time, according to the Wall Street Journal, Meta asked engineering managers to identify and eliminate employees with the worst performance in order to control costs during the economic downturn.

According to the report, Maher Saba, director of remote work and engineering at Meta, demanded in an internal memo on July 8 that "every manager should consider whether everyone in the team has brought value to Meta ... If the direct subordinates don't perform well, they are not the people we need, and they have failed the company."

Saba requires the manager to submit the list of employees who need support through the company performance tool before the end of work on July 1 1. "Understand the company's high performance standards, make your team take responsibility, identify people who need support as soon as possible, cooperate with the employee relations team, get support, and fire those who can't get on the right track."

This news shocked many employees, who were worried that Meta might take measures such as layoffs, salary cuts or narrowing promotion channels.

According to a report on July 1 Sunday, local time in Reuters, mark zuckerberg issued a stern warning to the employees of the company in a recent internal question-and-answer activity, asking them to prepare for one of the worst economic recessions in recent history.

Zuckerberg told employees that he wanted to increase their pressure. He said: "If I had to bet, I would say that this may be one of the worst recessions we have seen in recent years."

On the issue of layoffs, Zuckerberg said: "In fact, there may be many people who should not stay here." He said: "I hope that by raising expectations, setting more aggressive goals and increasing the pressure, I think some of you may feel that this place is not suitable for you, so you can choose for yourself. No problem for me. "

Zuckerberg also said on the same day that Meta has lowered the target of recruiting engineers in 2022 from the original plan to recruit about 1 10,000 new engineers to about 6,000-7,000.

According to the Wall Street Journal, on May 5th, Meta announced a sharp slowdown in recruitment, ending the long-term situation that the technology giant added thousands of jobs every year.

However, Meta is not the only American technology company to tighten its belt.

Twitter said last Thursday that it would lay off 30% of its talent recruitment team; Tesla has laid off about 200 employees at the end of last month, after Tesla CEO elon musk also said that he would cut 65,438+00% of paid employees; Netflix has laid off about 3% of its staff to cope with the loss of users. Amazon is also considering cutting off recruitment in certain areas.

Meta's situation is getting more and more difficult, or it will introduce the last elimination system. It is reported that Meta requires engineering managers to identify and eliminate employees with the worst performance in order to control costs during the economic downturn.

On Friday, local time, Maher Saba, the engineering director of Meta, sent a memo to the engineering manager, urging them to identify the employees who "need support" in their respective teams and report the list to the internal human resources system before 5 pm on Monday.

"If your direct reports are lazy or underperforming, then they are not the people we need and can't adapt to this company." Saba wrote, "As a manager, you can't allow people who can't make positive contributions to Meta to stay in the company."

In addition to this memo, Meta executives also sent a number of messages asking their subordinates to pay attention to the need to reduce costs to help the social media giant cope with the stagnation of digital advertising business and help it develop virtual reality business. This news shocked many employees, who were worried that Meta might take measures such as layoffs, salary cuts or narrowing promotion channels.

A person familiar with the matter said: "After seeing this news, everyone's reaction is that this move is to form a' performance improvement plan' and may lead to mass layoffs."

Meta has not commented on this.

Meta, formerly known as Facebook, has gained a lot of digital advertising revenue after years of development and has become an essential platform for all kinds of enterprises to publish targeted marketing information for segmented users. Previously, Meta and other social media companies benefited from the epidemic, as more and more advertisers turned their marketing budgets online, hoping to reach users who greatly increased their family time due to the epidemic.

However, due to the threat to Meta's social media business, its share price has fallen by nearly 52% since the beginning of the year. Apple has implemented a new privacy policy for iPhone application developers, hoping to reduce their collection of user data. This also forces applications such as Facebook under Meta to obtain users' consent in order to track their online activities on the grounds of publishing targeted advertisements. However, many users refuse to be tracked.

In the last three months of last year, the daily active users of Meta decreased for the first time in the history of the company 18, which led to the stock price plummeting. Although the company's user growth data remained stable at the beginning of this year, its executives warned that they were facing severe challenges from new social networking stars such as Tik Tok.

In order to compete for the highly competitive market, Meta is also actively promoting Reels short video service. Mark Zuckerberg, CEO of the company, also said that they can implement this product like News Feed. Meta also tries to bet the company's future on the meta-universe-the term refers to the immersive virtual environment accessed through virtual reality or augmented reality technology.

According to media reports, Zuckerberg said in a conference call this month that not all employees meet the standards of Meta, and some people may leave voluntarily because of the upcoming economic downturn. Zuckerberg also told employees that Meta plans to reduce the recruitment plan for engineers by at least 30% this year.

"If I have to judge, I think this may be one of the most serious declines I have seen in recent years." Zuckerberg told employees, "From a practical point of view, maybe many people should not stay in the company."

Meta's austerity strategy also reflects the plight of other companies in Silicon Valley. After 10 years of prosperity, venture capitalists and established technology companies are reducing their investment and staff size. According to statistics from offsets. FYI, a website tracking layoffs in the technology industry, more than 300 startup companies have laid off employees this year, with more than 50,000 people affected.