The reality is all layoffs are made quietly. It’s not something companies like to shout about
The difference here is the "layoffs" are that they are changing performance targets so more people get fired over the year instead of laying off a bunch of people at once
Forcing 12,000 people to quit instead of firing them would save Facebook millions.
This is the part I don’t understand. What’s to stop people from not working and getting fired/packaged out instead?
I think they believe it show how they are current and on top of things?
Once "quiet quitting" took off the news was awash with stories like :
"You heard of quiet quitting, but quiet [firing, terminating, layoffs] is the next big thing".
Classic news feeds, find something trending, modify it slightly and hope your version trends too?
- Probably because they try to avoid needing to given an press statement/explanation to some more official entity.
- The whole meta verse could be going not so grate.
- Advertisement might not be going that well for meta either.
- Facebook is mostly used by older people and at least where I live most of the people have zombie Facebook accounts (i.e. they have one check in once a week due to family/old people connections and don't use it any further then that, so they might count as active users but are de-facto not)
- There had been a lot of whispers going around about people being unhappy about how some of the big tech companies kill competition by buying small startups and then silently dropping them after some time. This can count as not fully legal anti-competitive behavior in some situations so they can't just fire the people they brought, which might have contributed to them overgrowing.
- Silicon Valley has IMHO overpaid developers in average (and _only_ in average, and specific to SV) now that they have for years effectively killed most competition in one way or another (bought up, talent starvation, etc.) they might feel that it's time to lower wages for which they first have to get right of many existing contracts. What is better suited for this then a unstable economy where 1) they have an excuse to fire people 2) they can press lower wages because people are frightened and care more about having a ok paying job then potentially getting a greatly paying job.
- I feel some of the big tech companies work rather inefficient, sure they do have problems only people at their scale have, but then some small dev teams can sometimes compete with their products if you ignore that (and ignore network effect).
- Maybe they want to hide some fishy lay of schemes about not how many but which people they lay of. Potentially outright conflicting with employee protection laws in some states.
uh, I guess this are all wild rumors I have, in the end we will have to wait and see.
There are both federal and state laws that require companies to let the government know if they fire a certain number of people.
Trying to dodge a law that apples to every other company sounds like par for the course for Facebook and the other SV companies that aspire to emulate it.
And I mean especially Facebook is well known for not caring about low as long as they are not forced to.
It was pretty grating so far…
Their employees have some fixed amount of time (3 months?) to find another team in the company before they are forced to exit.
It would be easy for the company to arrange it so that high performers find a team easily and low performers are phased out quietly without a team picking them up.
I am not sure how many of the people that the article is describing are software engineers. Contrary to other comments, I believe a large proportion of the workforce that will be removed will be technical.
Yes - in fact this should happen naturally by simply restricting each team's headcount growth, together with shutting down other teams.
I think there's a legitimate issue with how salary expectations have increased during the pandemic. These expectations will now have to be corrected. What's happening at Facebook is just part of that correction.
Google is doing the same thing, as are other tech companies.
2023 is going to be bloody and brutal.
https://www.businessinsider.com/mark-zuckerberg-haircut-expl...
A few weeks ago it was explained that Facebook is telling affected people they are no longer on the team they were on before, and they have X weeks (4?) to apply internally and find a role on a new team. So you're not fired, you just don't have a team and failed to find a new one, so.. see ya?
https://www.businessinsider.in/tech/news/12000-facebook-empl...
What do WFH employees qualify as?
That is, a bunch of people coincidentally ending up on performance plans, to Meta, might not be a "layoff".
Mass layoffs are supposed to be formally announced, well structured, and within a set of government-mandated guidelines.