Meta job cuts shock employees as even those with strong performance records face layoffs.
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The Lede
Several Meta employees who said they received positive performance ratings in their midyear reviews last year had their jobs cut Monday, and some expressed fears about their future employment prospects, given that the stated goal of the layoffs had been to eliminate under performers.
Key Details
- BI spoke with eight terminated employees, who said they received "At or Above Expectations" ratings — the middle tier in Meta's three-level midyear review system — in their 2024 assessments.
- These employees said they were surprised to learn their ratings had been downgraded to "Meets Most," one of the lower tiers in Meta's year-end performance system, and made them eligible for Monday's cuts.
- The job cuts stem from Meta's push to let go of roughly 5% of its employees, which it announced in January.
