'OG Mark' Returns at Meta as Facebook Parent Gives Thousands of Staff Subpar Reviews

Facebook parent Meta gave thousands of employees subpar ratings in a recently concluded round of performance reviews, a signal that more job cuts may be on the way, WSJ reported Friday, citing people familiar with the matter. From the report: The company also cut a bonus metric, the people said, one of several steps senior executives are taking after Chief Executive Mark Zuckerberg declared 2023 would be a 'year of efficiency.' Meta's leadership expects the ratings to lead more employees to leave in the coming weeks, the people said. The company will consider another round of layoffs if not enough depart, the people said.

About 11,000 workers, or about 13% of employees at the company, were recently laid off. Meta managers gave approximately 10% of employees ratings indicating they are underperforming, the people said. That proportion wasn't unprecedented in the years before the pandemic. But Meta's employee count nearly doubled from 2019 to 2022, to 86,400, and about half its workers had never experienced a typical performance-review cycle at the company, several people familiar with the matter said. The recently wrapped performance reviews were seen as a return to form for Mr. Zuckerberg, who before the pandemic had developed a reputation for delivering direct feedback to workers, people familiar with the process said.

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