{"id":498198,"date":"2022-10-04T17:40:46","date_gmt":"2022-10-04T14:40:46","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/facebook-to-purge-thousands-of-workers-in-quiet-layoffs\/"},"modified":"2022-10-04T17:40:46","modified_gmt":"2022-10-04T14:40:46","slug":"facebook-to-purge-thousands-of-workers-in-quiet-layoffs","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/facebook-to-purge-thousands-of-workers-in-quiet-layoffs\/","title":{"rendered":"#Facebook to purge thousands of workers in &#8216;quiet layoffs&#8217;"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a4156d9ab424\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a4156d9ab424\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/facebook-to-purge-thousands-of-workers-in-quiet-layoffs\/#%E2%80%9CFacebook_to_purge_thousands_of_workers_in_%E2%80%98quiet_layoffs%E2%80%9D\" >&#8220;Facebook to purge thousands of workers in &#8216;quiet layoffs&#8217;&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1>&#8220;Facebook to purge thousands of workers in &#8216;quiet layoffs'&#8221;<\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p><a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Facebook<\/a> executives are in the process of executing \u201cquiet layoffs\u201d of underperforming workers that could lead to thousands of employees getting pink slips, according to a report.<\/p>\n<p>Several employees <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.businessinsider.com\/facebook-quiet-layoffs-will-impact-thousands-of-jobs-employees-say-2022-10\">told the news site Insider<\/a> that as much as 15% of the company\u2019s workforce could be slashed within the next few weeks.<\/p>\n<p>One employee told Insider that managers throughout the company were told to select at least 15% of their teams who are categorized as \u201cneeds support.\u201d<\/p>\n<p>Facebook employees took to the workplace <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a> Blind, where they speculated that it was likely whoever was placed in the 15% category would be out of a job.<\/p>\n<p>Eliminating 15% of Facebook\u2019s workforce means that some 12,000 employees could be out of a job.<\/p>\n<p>Those who are deemed \u201cneeding support\u201d are widely perceived to be failing to meet performance goals. These employees are then subjected to new requirements under a \u201cperformance improvement plan\u201d (PIP) \u2014 which is seen as a precursor to losing one\u2019s job.<\/p>\n<p>According to Insider, Facebook\u2019s chief engineer, Maher Saba, told managers in July that they needed to start identifying employees in their teams who fell into the category of \u201cneeds support\u201d \u2014 though they did not specify a percentage.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/facebook-80.jpg?w=1024\" alt=\"Facebook employees have reportedly been bracing for layoffs since the company announced a hiring freeze.\" class=\"wp-image-24114598\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/facebook-80.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/facebook-80.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/facebook-80.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Facebook employees have reportedly been bracing for layoffs since the company announced a hiring freeze.<\/figcaption><figcaption><span class=\"credit\">AFP via Getty Images<\/span><\/figcaption><\/figure>\n<p>The Post has sought comment from Facebook\u2019s parent company Meta.<\/p>\n<p>Insider quoted a Facebook employee as saying that management is already telling those who are \u201cPIP-ed\u201d that they need to look elsewhere for work.<\/p>\n<p>\u201cIt might look like they are moving on, but the reality is they are being forced out,\u201d the employee told Insider.<\/p>\n<aside class=\"single__inline-module alignright\">\n    <\/aside>\n<p>Facebook staffers have been bracing for layoffs for months. Last week, Meta CEO Mark Zuckerberg told employees that the company has frozen new hiring.<\/p>\n<p>Zuckerberg blamed economic headwinds and warned that the company may be forced to undergo downsizing or restructuring.<\/p>\n<p>\u201cI had hoped the economy would have more clearly stabilized by now, but from what we\u2019re seeing it doesn\u2019t yet seem like it has, so we want to plan somewhat conservatively,\u201d Zuckerberg reportedly said. His comments were <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-09-29\/meta-announces-hiring-freeze-warns-employees-of-restructuring?sref=MTy2GeXk\">first reported by Bloomberg News.<\/a><\/p>\n<p>Zuckerberg said Meta would be slashing budgets across all of its departments and subsidiaries, including Facebook, Instagram and WhatsApp.<\/p>\n<p>The CEO noted that during the first 18 years of Facebook\u2019s existence, the company saw rapid growth. But sales and revenue figures from recent quarters have flatlined, according to Zuckerberg.<\/p>\n<p>At its peak, Meta\u2019s stock price approached $380 per share. But in the last year, the company share price has shed some 60% of its value.<\/p>\n<p>While Facebook maintains a dominant position in the mobile advertising market, serious questions have been raised as to whether it can continue to grow \u2014 particularly in the face of fierce competition from ByteDance\u2019s TikTok.<\/p>\n<p>Shares of Meta were trading 1.41% higher as of 9:45 a.m. Eastern time on Tuesday.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/facebook_27.jpg?w=1024\" alt=\"Facebook, which was founded by Mark Zuckerberg, is reportedly in the process of &quot;quiet layoffs.&quot;\" class=\"wp-image-24114603\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/facebook_27.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/facebook_27.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/facebook_27.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Facebook, which was founded by Mark Zuckerberg, is reportedly in the process of \u201cquiet layoffs.\u201d<\/figcaption><figcaption><span class=\"credit\">AFP via Getty Images<\/span><\/figcaption><\/figure>\n<p>The economic downturn and grim projections are also forcing the company to abandon plans to expand its commercial real estate footprint in New York City, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-10-04\/meta-is-closing-one-new-york-office-with-cutbacks-looming?srnd=premium&amp;sref=MTy2GeXk\">according to Bloomberg News.<\/a><\/p>\n<p>Meta is exercising its option to terminate its lease at 225 Park Avenue South, the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> site reported.<\/p>\n<p>The Park Avenue location was earmarked to serve as the company\u2019s \u201cbridge space\u201d before expanding its operations and opening up new digs at Hudson Yards and the Farley Building near Penn Station in Midtown.<\/p>\n<p>Despite the decision, Meta says it is \u201cfirmly committed to New York and further anchoring our local footprint.\u201d\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/10\/04\/facebook-to-purge-thousands-of-workers-in-quiet-layoffs\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Facebook to purge thousands of workers in &#8216;quiet layoffs&#8217;&#8221; Facebook executives are in the process of executing \u201cquiet layoffs\u201d of underperforming workers that could lead to thousands of employees getting pink slips, according to a report. Several employees told the news site Insider that as much as 15% of the company\u2019s workforce could be slashed&#8230;<\/p>\n","protected":false},"author":1,"featured_media":498199,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/facebook_27.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[122306,133839,4974,79667,5077],"class_list":["post-498198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-meta","tag-10-4-22","tag-facebook","tag-hirings-and-firings","tag-mark-zuckerberg"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/498198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=498198"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/498198\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/498199"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=498198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=498198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=498198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}