According to the Wall Street Journal, Meta has ranked thousands of its tech employees as ‘subpar.’

Around 10 percent of the social media giant’s employees have been ranked as underperforming.

CEO of the company, Mark Zuckerberg, has already vocalised plans to slow down the hiring of engineers by “at least 30 percent” in 2023.

Ranking the low-performance of its workers has been considered as a foreshadowing of even more upcoming layoffs within the tech community.

Last year, the company let go around 13 percent of its workforce.

Zuckerberg also previously announced that 2023 is his “year of efficiency”, as he attempts to contain costs.

TERRY PAYNE, GLOBAL MD OF ASPIRE, SAID:

“Nobody wants to see lay-offs, particularly in this economic climate. While lots of tech firms, globally, have reduced headcount in recent months, this isn’t necessarily a trend reflected across the entire space. We’re still noticing a very high demand for tech workers – both permanent and temporary – as employers continue to invest in and enhance their digital capabilities, which hold the key to seizing opportunities and operating with greater efficiency.”

 

 

 

 

Amelia Brand
Amelia Brand

Amelia Brand is the Editor for HRreview, and host of the HR in Review podcast series. With a Master’s degree in Legal and Political Theory, her particular interests within HR include employment law, DE&I, and wellbeing within the workplace. Prior to working with HRreview, Amelia was Sub-Editor of a magazine, and Editor of the Environmental Justice Project at University College London, writing and overseeing articles into UCL’s weekly newsletter. Her previous academic work has focused on philosophy, politics and law, with a special focus on how artificial intelligence will feature in the future.