Meta Tightens Performance Reviews, Signaling More Layoffs

Meta is raising the bar on performance reviews, increasing the percentage of employees categorized as 'below expectations' to 15-20% for mid-year evaluations, up from 12-15% last year. This follows the company's earlier layoff of nearly 4,000 employees and reflects a broader trend in tech toward stricter performance management. The move includes employees who have already left and allows for performance-based terminations. Meta's actions underscore its focus on streamlining operations and cost reduction, mirroring similar efforts at other tech giants like Microsoft and Google.