Comment by HardCodedBias
18 hours ago
Everyone at Meta should know the score.
Meta pays top dollar. They also pay enormous sums for what management identifies as performance.
Conversely, Meta is ruthless about cutting those management identifies as low performers.
This is the deal going in. It’s not a crime.
> Conversely, Meta is ruthless about cutting those management identifies as low performers.
Thats what the normal Meta up-or-out promo/comp structure is for. This sort of thing hasn't been about that for a while. Sure, they will say they stack ranked the company and fired the bottom 10%, but given how many layoffs they've done, at this point it's just an ongoing brain drain.
(I departed when the writing was on the wall for the '21 layoffs)
When Meta was a question mark, or a star performance was all about growth. But now it is a cash cow, performance has a different meaning. Efficiency is the name of the game, and efficiency is not synonymous with high salaries or headcount.
https://en.wikipedia.org/wiki/Growth%E2%80%93share_matrix
Layoffs are not the same as performance terminations
This is in addition to performance cutting just fyi. I get what you're saying but this isn't that