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META
Business Insider
190 days

Meta's job cuts surprised some employees who said they weren't low-performers

1. Meta cut nearly 4,000 employees, targeting 5% of low performers. 2. Many laid-off workers were rated positively in performance reviews. 3. Meta's layoffs could become an annual process under CEO Zuckerberg. 4. Employees felt blindsided by sudden downgrades in performance ratings. 5. Public labeling of employees as low performers may harm future job prospects.

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FAQ

Why Bearish?

The layoffs, while targeting underperformers, show potential mismanagement of talent. Previous examples include companies like IBM, which faced reputational damage after mass layoffs.

How important is it?

The article highlights significant layoffs and employee dissatisfaction, affecting Meta's operational stability and public perception.

Why Short Term?

Initial public perception may negatively impact Meta's stock. Long-term impact depends on how the restructuring enhances efficiency.

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