The company is also cutting back on some of its lavish perks, once considered necessary to attract top talent. In February, the company announced that it would pay to end leases early and cut Meta’s real estate contracts in some areas. The company has terminated leases for offices across the Bay Area, including space in San Francisco, Fremont, Sunnyvale and Menlo Park, according to two people familiar with the cuts. The cutbacks include trimming Meta’s real estate. One engineer created a bot that would automatically calculate the loss in the value of Meta stock held by employees, part of their compensation package. Those remaining have griped about reduced bonuses and perks. In messaging groups and workplace chats in recent weeks, they have been using skull-and-bones emojis to signal to one another that they may be part of the layoffs, according to screenshots seen by The Times. Meta employees have created memes and inside jokes about how much time workers have left. The Information previously reported on the meeting. Zuckerberg said that there was no “perfect way to do” layoffs, and that he wanted to err on the side of providing more information about upcoming layoffs as news of the cuts began to leak to the press. In one of his regular question-and-answer sessions with employees this year, Mr. Insiders expect engineering cuts to hit teams inside WhatsApp, Instagram and Facebook, they said. While the first two rounds of layoffs largely affected business and recruiting teams, the cuts expected this month will focus on tech departments, including engineers, which has surprised employees, said four employees, who were not authorized to speak to reporters. Meta declined to comment on internal matters. One person described the atmosphere as “cutthroat.” That has made people more possessive about their work, the people said, which has meant less collaborating with co-workers. Some employees are trying to make themselves look busier, two people said. Workers, especially in middle management, are being asked to justify why their jobs are crucial to Meta’s goals. Intense scrutiny has come in recent workplace reviews. Within Meta, there is pressure to demonstrate that people are working hard, two employees said. Amazon, Microsoft, Google, Salesforce and others have laid off thousands of workers in recent months, shed office space, dropped perks and pulled back from experimental initiatives.Ī spokesman for Meta said its executives continued to travel regularly to the Silicon Valley offices. Meta, which owns Facebook, Instagram and WhatsApp, is not the only big tech company that has hit the brakes on spending. “They’re saying it’s ‘Hunger Games’ meets ‘Lord of the Flies,’ where everyone is trying to prove their worth to management.” “So many of the employees feel like they’re in limbo right now,” said Erin Sumner, a global director of human resources at DeleteMe, who was laid off from Facebook in November. Some of those cuts could be in engineering groups, which would have been unthinkable before the trouble started last year, two employees said. Zuckerberg has said on his Facebook page, are coming this month. The company’s stock price has dropped 43 percent from its peak 19 months ago. Zuckerberg is making a bad bet on the future, have devastated employee morale at Meta, according to nine current and former employees, as well as messages reviewed by The New York Times.Įmployees at Meta, which not long ago was one of the most desirable workplaces in Silicon Valley, face an increasingly precarious future. The layoffs and absentee leadership, along with concerns that Mr.
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