Shocker! Mark Zuckerberg threatens Facebook employees; here is what 'ruthless' CEO wants
Facebook Parent company Meta has warned its employees who are unable to meet their targets to brace themselves for "serious times" ahead. The company CEO Mark Zuckerberg also revealed that the company is planning to slash hiring engineers by 30% due to the market downturn. Zuckerberg informed Facebook employees of this order during a weekly employee Q&A. As reported by Reuters, Zuckerberg can be heard saying that Meta will now only hire around 6,000 to 7,000 new engineers in 2022- which is a massive cut from its initial plan to hire more than 10,000. As user growth and ad revenue slowed down, he called the current economic condition, one of the worst in history.
To battle this crisis situation, Zuckerberg led Facebook is "turning up the heat" on performance management and to go the extent of firing staff who are unable to meet their targets. Shockingly, Zuckerberg said, "Realistically, there are probably a bunch of people at the company who shouldn't be here." He is also quoted as saying, “Part of my hope for 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."
Zuckerberg’s statement was confirmed in an internal memo from chief product officer Chris Cox. He wrote, “The company must "prioritize more ruthlessly" and "operate leaner, meaner, better executing teams.”
As per the reports, Meta had suffered a setback this year when daily active users on Facebook declined for the first time in a quarter. The macroeconomic pressures as well as new data privacy changes have also affected the company's core online advertising business. As shared by Reuters, the
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