Zuckerberg says Meta employees will have to quit… Watch the video to know why…

CEO Mark Zuckerberg plainly stated this week that Facebook parent firm Meta wants to fire employees who are unable to live up to the company’s newly heightened performance standards as the business gets ready for a downturn.

During a question-and-answer session with staff, Zuckerberg made the candid admission that the current market fall “may be one of the worst downturns that we’ve seen in recent history.”

In the meeting, Zuckerberg stated, “Realistically, there are probably a lot of individuals at the firm who shouldn’t be here.”

I think some of you might conclude that this place isn’t for you, and that self-selection is OK with me, is part of my hope by raising expectations, having more ambitious goals, and just kind of turning up the heat a little bit, Zuckerberg continued.

According to Zuckerberg, Meta will hire fewer engineers this year—roughly 6,000 or 7,000 people as opposed to the 10,000 it had originally planned—by at least 30%. As Meta puts more pressure on current employees, some open positions will remain unfilled.

The Post has contacted Meta for additional insight into Zuckerberg’s comments.
The shocking resignation of COO Sheryl Sandberg, Zuckerman’s longtime aide and the brains behind Facebook’s explosive rise from ad income, shocked the business last month.

Meta revealed that it implemented a hiring freeze in May following a first-quarter growth of barely 7% to $27.9 billion. Since Facebook went public, that represented the growth at its slowest pace. No layoffs were anticipated, according to company representatives.
During the company’s earnings call in April, Zuckerberg had previously played down Meta’s significant employee turnover.

At the time, Zuckerberg stated, “I don’t think that this sort of volatility that firms endure is usually that harmful for ensuring that you have the proper people at companies.

As Zuckerberg tries to rebrand his social media giant as a metaverse corporation, Meta shares have fallen more than 50% so far this year. Some Meta employees have complained, as The Post has reported, that the company’s price decline is eroding the value of their stock options.

The difficulties Meta has faced are related to a broader decline in the tech industry. The Nasdaq has entered bear market territory and had its worst first half ever.

In a second message to staff members before Zuckerberg’s remarks, Meta Chief Product Officer Chris Cox highlighted the seriousness of the situation, according to Reuters.

“I must emphasize that the current situation is dire, and there are strong headwinds. We must perform flawlessly in a slower-growth environment where teams shouldn’t anticipate significant inflows of new engineers and funding, according to Cox.

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Zuckerberg says Meta employees will have to quit… Watch the video to know why…
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