May Quietly Layoff 12,000 Employees, 15% of its Workforce
Meta Platforms is carrying out “quiet layoffs” at Facebook to slash its headcount as global headwinds.
Executives told directors across the company they should select at least 15% of their teams to be labelled as “needs support”
This selective restructuring hints at a possible layoff of about 15% of the workforce, or about 12,000 employees.
According to the report, the potential layoffs were revealed last week in a post by a Meta worker on Blind.
Blind – an app popular with tech workers that requires a valid company email address to use anonymously.
“These 15% will likely be put on PIP (performance improvement plan) and be let go,” the person wrote.
In Facebook's employee-review process, someone who is “in need of support” is considered to be performing below the benchmark goals.
Such employees are put on a PIP, which more often than not results in layoffs.
With so many people deemed to be underperforming, and some being given 30 days to find a new position at the company or leave.