: Meta asks managers to identify people for layoffs: Report #IndiaNEWS #Other News San Francisco, July 13 (IANS) Amid recession fears, tech giant Meta is likely looking forward to bidding goodbye to

Meta asks managers to identify people for layoffs: Report #IndiaNEWS #Other News
San Francisco, July 13 (IANS) Amid recession fears, tech giant Meta is likely looking forward to bidding goodbye to a few employees as a media report says that the platform has asked managers to identify people for layoffs.
According to The Information, Meta Platforms Vice President of Remote Presence and Engineering Maher Saba has instructed managers to identify and move to exit poor performers as the company struggles with macroeconomic pressures and hits to its advertising business.
In a post to Metas internal messaging system, Saba, who has been with Meta for eight years, told managers to think about the value their team members bring to Meta.
If a direct report is coasting or a low performer, they are not who we need; they are failing this company, Saba was quoted as saying.
As a manager, you cannot allow someone to be net neutral or negative for Meta, Saba added.
Managers should identify people on their team who need support by 5 p.m. on Monday and move to exit people who are unable to get on track, the post said.
Representatives for Meta, including Saba, did not respond to requests for comment by the website. Meanwhile, the company recently warned employees to expect a tough second half of the year.
Recently, Meta chief product officer Chris Cox detailed the companys financial dilemma in an internal memo that detailed key areas where the social media giant plans to invest.
Cox reiterated statements made by Meta CEO and co-founder Mark Zuckerberg during a call with analysts as part of the companys first-quarter earnings report.
He added that the company is in serious times here and the headwinds are fierce, underscoring that its challenges arent likely to vanish anytime soon.
IANSvc/pgh

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