By Grace Kay Insider
- Meta reportedly puts some workers on a “30-day list” that leaves them a month to find a new role at the company.
- It only used to impact low-performers, but became more widespread, The Wall Street Journal reported.
- In July, Meta CEO Mark Zuckerberg said the company plans to shrink several teams over the next year.
Meta is slimming its workforce and avoiding a flurry of pink slips by forcing some employees onto a “30-day list” that leaves them only a month to find a new role or leave the company if their department is downsized or eliminated, according to a new report from The Wall Street Journal.
Instead of terminating employees outright, the company gives some workers whose roles have been eliminated a month-long purgatory period to apply to different jobs within Meta, the publication reported, citing sources familiar with the issue.
It’s long been a common practice at Facebook’s parent company, the Journal reports, but up until recently its only impacted lower-performing workers. But, as the tech world braces for a possible recession, Meta has begun to use the process to cut out high-performing workers as well, per the report.
A Meta spokesperson told the Journal the time window is a way for Meta to keep talent it might otherwise have lost.
Categories: Economics/Class Relations