Step up or leave, Zuckerberg 'turns up the heat' on his employees

Amid a market downswing, Meta CEO Mark Zuckerberg sent across a harsh message to the employees, saying he’s “turning up the heat” on performance goals. In a worker Q&A session, the Facebook founder asked employees to either step up or leave, hinting at much higher expectations that lay ahead of them, a news agency report stated.

The Facebook founder said: “If I had to bet, I’d say that this might be one of the worst downturns that we have seen in recent history.”

As per reports, Zuckerberg hinted at more challenging employee targets that might result in worker turnover. The CEO said that the Meta executives are fine with a situation like this where there is an efflux of employees.

Addressing the assembly, Zuckerberg said: “There are a bunch of people at the company who shouldn’t be there,” a news agency stated. Explaining his comment, the CEO said that a part of his hope in raising expectations and having aggressive goals is that employees will be able to assess whether the company is the place meant for them to work or not. He said: “That self-selection is ok with me.”

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As per a New York Times report, Meta which owns Facebook, WhatsApp, and Instagram is planning to lower its hiring. The company is planning to bring down its initially planned employment target from 10,000 to somewhere between 6,000 to 7,000.

As per reports, the company’s CPO Chris Cox has added that the company is aiming to “operate leaner, meaner, and better-executing teams.”

In a published article, Cox wrote that the company is in serious times and headwinds lie fierce ahead. As per reports, despite the market downturn, the company does not plan to lay off employees.

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In February, Meta’s shares had got down by 26 per cent after Facebook reported a decline in daily users for the first time in 18 years. As per reports, Zuckerberg’s net worth also got down by $29 billion.

As per a report, Meta had claimed that Apple Inc’s privacy changes to its operating system had made it hard for brands to target and measure their ads on Facebook and Instagram.