Interesting quote from CEO in an all hands directly to employees. I don't want to be at Meta right now.. .."turning up the heat" on performance management to weed out staffers unable to meet more aggressive goals. "Realistically, there are probably a bunch of people at the company who shouldn't be here," Zuckerberg said. "Part of my hope by raising expectations and having more aggressive goals, and just kind of turni…
>"Part of my hope by raising expectations and having more aggressive goals, and just kind of turning up the heat a little bit, is that I think some of you might decide that this place isn't for you, and that self-selection is OK with me," he said. This, to me, sounds like he's pressuring people to leave, so that they don't have to fire them, which would involve severance.
What they are really trying to avoid is laying off the wrong people. Management is really bad at guessing who wants to stay and who wants out. Often, a bunch of “low performers” are riffed. Some are bad, some are just on the wrong team, some are having life complications- birth, death, divorce, etc.
It’s really bad PR to fire someone who is a low performer because of a bad pregnancy, grandma died, etc. especially when they call a reporter and show their stellar ratings from previous years.
On top of all that, with the rif comes a higher work load. At this time many high performers will quit, which sucks because you just laid off a bunch of people, many of whom were close to these guys in performance.
Then the company is at risk of making bad decisions. They they push even harder on those that remain? Do they become pragmatic and cut initiatives they can no longer staff?
All moves have risk.