15% are being given Below Expectations rating and are being offered mutual seperation with 3 Months salary.
The mid year ratings are supposed to just give a direction but this year's layoff is happening on its basis.
I heard they happened in Cisco this week as well (not silent, actual layoffs) And now this from Meta
Are we in the middle of something again?
My two cents is when have we not been in the middle of something since the mid 2022 its been 2 years now and things still look the same as they did 2 years ago.
Tf, their stock is doing good. I guess these guys want budget for “AI/ML” folks or just more GPU 🤷
Most of their own llms are the reason for large scale layoffs. Most of it will be pure adoption and cost savings using this new set of marketing, productivity, agentic apps
Meta is in india???
Never ask ever okay
What can I won't ask anyone questions
Tech unfortunately is moving closer to other high paying professions like finance/consulting/big law firms with insane work pressure and long hours. It was nice while it lasted On a side note - a bunch of colleagues currently have Meta interviews lined up lol
As professionals, we all strive to go above and beyond in our roles, giving our best to contribute to the success of our teams and organizations. But what happens when that dedication seems to go unnoticed? So, I’m curious to hear your t...
People from mid and top management (with fat paycheques) across org laid off on friday & today. About 100-120 people affected.
Source: Heard from a friend. + mentioned in the Cross org emails by mukesh
Felt it was too expensive. The novelty factor gone, fundamentals caught up.
But they are profitable then why this layoffs
Inke margin k chakkar me employees ki dal roti band ho Jani h bc
