Low performance= didn't do the job and hid behind DEI LGBT excuses. If you do a really good job and have a rough around the edges personality, bosses generally look the other way as long as you don't make it difficult for the other workers.
My guess is that they're doing this to prevent high performers from quitting because of Meta's recent policy changes (employers generally don't know if you quit or were laid off just by looking at your resume. Seeing that you left Meta around the same time as the "performance" based layoffs could potentially make them assume you were laid off due to low performance and prevent you from getting interviews).
One reason that often overlook on in-job training is that seniors are now refusing to train anyone in fear of getting replaced. Nintendo's top executives, including President Satoru Iwata, took temporary pay cuts to atone for a dive in profits following disappointing sales of its Wii U games console. Iwata took a 50% cut, and other executives saw reductions of 20%-30% One reason workers should push for Japanese style of management in the west
Just had an interview where I did not secure the position following a two-hour interview, especially given the positive feedback I received during the discussion. It's off putting when you are told, " wow no one has gotten that far in the roleplay before" and "you seem to have a high level of salesmanship and skill" and then not land the role.
It sucks for people getting laid off but it also sucks for the company. Meta (and most major companies) spends a great deal of time and money to recruit, hire, train and retain its workforce. Losing 5% of a workforce is going to have long lasting effects on a company like Meta. Ironically, it's really about the performance of Zuck and his executive team by shareholders and the board.
It’s not a layoff, that’s being used to save face. Backfills are approved, and there won’t be an actual severance but guidance is to call it that even though it’s only to cover through the full pay period of the separation regardless of what day it’s actually executes since they’re spread out. Totally performance related
Metas excuse was probably a projection to fit a narrative that it wasn’t Metas fault a downturn in the company’s performance was occurring, so the investors/shareholders wouldn’t be as alarmed
Have you looked into jobs in the Asian country you're at? Education management isn't a terrible gig for a year if you're interested. I know a lot about it if you want to talk to me.I worked in schools in Asia for several years.
"low performers"==people that managers don't like personally
hahaha exactly
maybe they don’t like them because they are low performers?
@ not always
Low performance= didn't do the job and hid behind DEI LGBT excuses. If you do a really good job and have a rough around the edges personality, bosses generally look the other way as long as you don't make it difficult for the other workers.
Exactly. You get promoted and released based on popularity.
My guess is that they're doing this to prevent high performers from quitting because of Meta's recent policy changes (employers generally don't know if you quit or were laid off just by looking at your resume. Seeing that you left Meta around the same time as the "performance" based layoffs could potentially make them assume you were laid off due to low performance and prevent you from getting interviews).
That makes a slot of sense. Thanks for sharing.
One reason that often overlook on in-job training is that seniors are now refusing to train anyone in fear of getting replaced. Nintendo's top executives, including President Satoru Iwata, took temporary pay cuts to atone for a dive in profits following disappointing sales of its Wii U games console. Iwata took a 50% cut, and other executives saw reductions of 20%-30% One reason workers should push for Japanese style of management in the west
not gonna happen
@@ryan124007 agree, Americans don't have any humility or social responsibility
it mean they want ot replace you with an H1B for lower salary.
Spot on!
They are also eliminating all of those DEI positions from the last four years.
Exactly
It's always the employee's fault, they want to save face.
Just had an interview where I did not secure the position following a two-hour interview, especially given the positive feedback I received during the discussion. It's off putting when you are told, " wow no one has gotten that far in the roleplay before" and "you seem to have a high level of salesmanship and skill" and then not land the role.
It sucks for people getting laid off but it also sucks for the company. Meta (and most major companies) spends a great deal of time and money to recruit, hire, train and retain its workforce. Losing 5% of a workforce is going to have long lasting effects on a company like Meta. Ironically, it's really about the performance of Zuck and his executive team by shareholders and the board.
Thanks for the comment.
For most people, your coworkers, managers and company culture largely determine your success or failure.
That's true.
Bloomberg predicts that job loss in Wallstreet may top 200,000 (due to AI). I skeptical of the AI claim. I think these jobs will be moved Offshore.
I think, at the moment, AI is a red herring. The really issue is offshoring such a high percentage of American jobs like you say.
It’s not a layoff, that’s being used to save face. Backfills are approved, and there won’t be an actual severance but guidance is to call it that even though it’s only to cover through the full pay period of the separation regardless of what day it’s actually executes since they’re spread out. Totally performance related
Metas excuse was probably a projection to fit a narrative that it wasn’t Metas fault a downturn in the company’s performance was occurring, so the investors/shareholders wouldn’t be as alarmed
Have you looked into jobs in the Asian country you're at? Education management isn't a terrible gig for a year if you're interested. I know a lot about it if you want to talk to me.I worked in schools in Asia for several years.
I may have to look into work visas in other countries. Right now still export and figuring out where I would want to stay long term. Thanks!
Sounds like a hard time to be at tech firms like Meta.