According to a report, thousands of Meta employees have received poor performance reviews from the company, raising fears that tech giant may come up with a fresh round of layoffs, after it handed pink slips to around 11,000 workers in November last year.
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Approximately 7,000 employees were ranked ‘subpar’ by Meta in a recent round of performance reviews, reported Moneycontrol citing The Wall Street Journal, adding that the firm also did away with a bonus metric.
“Low ratings could lead to more employees exiting Meta,” said a source to The Wall Street Journal, according to the report.
In a statement to the paper, a Meta spokesperson said, “We’ve always had a goal-based structure of high performance, and our review process is intended to incentivise long-term thinking and high-quality work, while helping employees get actionable feedback.”