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META
New York Post
189 days

Meta lays off 4K workers in performance-based spree — as some claim they received glowing reviews just last year: report

1. Meta laid off 4,000 workers, reducing workforce by 5%. 2. Many laid-off employees received positive reviews before terminations. 3. Zuckerberg aims to enhance performance management standards. 4. Internal guidelines enabled layoffs of higher-rated employees if targets weren't met. 5. Affected employees worry about career damage from public labeling as low performers.

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FAQ

Why Bearish?

The layoffs may signal operational weakness, reminiscent of past tech industry downsizing affecting stock prices.

How important is it?

Layoffs and performance management signal challenges within Meta, likely impacting investor confidence.

Why Short Term?

Immediate impact is likely due to market reaction to layoffs and public perception.

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