TechHR
ex
L&D
UNPLUGGED
Sphere
About Us • Contact Us
People Matters ANZ
People Matters Logo
Login / Signup
People Matters Logo
Login / Signup
  • Current
  • Top Stories
  • News
  • Magazine
  • Research
  • Events
  • Videos
  • Webinars
  • Podcast

© Copyright People Matters Media Pte. Ltd. All Rights Reserved.

 

 

  • HotTopic
    HR Folk Talk FutureProofHR
  • Strategy
    Leadership Csuite StrategicHR EmployeeRelations BigInterview
  • Recruitment
    Employer Branding Appointments Permanent Hiring Recruitment
  • Performance
    Skilling PerformanceMgmt Compensation Benefits L&D Employee Engagement
  • Culture
    Culture Life@Work Diversity Watercooler SheMatters
  • Tech
    Technology HR Technology Funding & Investment Startups Metaverse
  • About Us
  • Advertise with us
  • Become a sponsor
  • Contact Us
  • Feedback
  • Write For Us

Follow us:

Privacy Policy • Terms of Use

© Copyright People Matters Media Pte. Ltd. All Rights Reserved.

People Matters Logo
  • Current
  • Top Stories
  • News
  • Magazine
  • Research
  • Events
  • Videos
  • Webinars
  • Podcast
Login / Signup

Categories:

  • HotTopic
    HR Folk Talk FutureProofHR
  • Strategy
    Leadership Csuite StrategicHR EmployeeRelations BigInterview
  • Recruitment
    Employer Branding Appointments Permanent Hiring Recruitment
  • Performance
    Skilling PerformanceMgmt Compensation Benefits L&D Employee Engagement
  • Culture
    Culture Life@Work Diversity Watercooler SheMatters
  • Tech
    Technology HR Technology Funding & Investment Startups Metaverse
Meta CEO Mark Zuckerberg to staff: Bunch of people shouldn’t be here

News • 28th Jul 2022 • 3 Min Read

Meta CEO Mark Zuckerberg to staff: Bunch of people shouldn’t be here

LeadershipC-SuiteCulture

Author: People Matters Editorial Team People Matters Editorial Team
11.9K Reads
Facebook founder Mark Zuckerberg wasted no time telling his employees that he is 'turning up the heat' by raising expectations and having more aggressive goals for staff.

Meta CEO Mark Zuckerberg has laid out his plan to adopt higher standards that Facebook employees need to meet following the company’s recent lacklustre market performance.

In a company-wide Q&A in June, the Meta chief revealed he would be implementing stricter guidelines to ensure employees perform better. He also hinted at the possibility of letting people go if they failed to meet the standards.

“Realistically, there are probably a bunch of people at the company who shouldn’t be here,” Zuckerberg said in a recording obtained by The Verge.

“Part of my hope by raising expectations and having more aggressive goals, and just kind of turning up the heat a little bit, is that I think some of you might decide that this place isn’t for you, and that self-selection is OK with me.”

By adopting these higher standards, Zuckerberg hopes it will help turn Facebook’s recent fortunes, which he described as “one of the worst downturns that we’ve seen in recent history”.

Read more: Meta slashes hiring plans for 2022

Facebook’s slump

2022 hasn’t been particularly stellar for Meta. Flagship social media platform Facebook has been experiencing a very slow growth in its user base since the start of the year. 

Meta shares also dropped by almost 2% following Tuesday’s early trading. The development comes ahead of the company’s earnings report this week. Overall, Meta’s stock is down by as much as 50% this year. 

Meta’s struggles have forced the company to freeze hiring and adopt other cost-cutting measures. 

In the June meeting, Zuckerberg told his employees that they would be slowing down the recruitment of engineers by 30%. That cuts the company’s target of new hires from 10,000 to around 6,000 or 7,000. The company also doesn’t plan to fill any empty roles for the time being.

Read more: Meta COO Sheryl Sandberg steps down after 14 years

Employees on the chopping block

Zuckerberg’s announcement of the new standards has drawn varying opinions from Facebook staff. According to The Verge report, several workers were stunned by their boss’s declaration that some of them could be let go. 

“Did Mark just say there are a bunch of people at this company that don’t belong here[?]” one Facebook staffer said.

“This is wartime, we need a wartime CEO,” another worker said in support of Zuckerberg.

In response, Meta spokesperson Joe Osborne chose to downplay the Meta boss’s statement.

“Any company that wants to have a lasting impact must practice disciplined prioritisation and work with a high level of intensity to reach goals,” Osborne said.

“The reports about these efforts are consistent with this focus and what we’ve already shared publicly about our operating style.”

In an internal survey of Meta employees, only 39% of workers said they were optimistic about the company’s future. Meanwhile, 42% of respondents said they have confidence in Meta’s leadership.

Read More

Did you find this article helpful?


You Might Also Like

Hyundai Australia appoints Don Romano as CEO

NEWS • 12th Mar 2025 • 3 Min Read

Hyundai Australia appoints Don Romano as CEO

LeadershipAppointments#HRTech#HRCommunity
CEO Swami Raote asked to exit

NEWS • 7th Mar 2025 • 2 Min Read

CEO Swami Raote asked to exit

Leadership#HRTech#HRCommunity
Air New Zealand CEO resigns unexpectedly

NEWS • 6th Mar 2025 • 3 Min Read

Air New Zealand CEO resigns unexpectedly

LeadershipBusiness#HRTech#HRCommunity
NEXT STORY: Brightcove appoints Trisha Stiles as chief people officer

Trending Stories

  • design-thinking-hr

    Skype is dead: Did Microsoft's leadership let a billion-doll...

  • design-thinking-hr

    Keeping the C-suite in the C-suite - how do we reduce execut...

  • design-thinking-hr

    Return to office: the legalities

  • design-thinking-hr

    The trust factor: Why modern leaders can’t afford to overl...

People Matters Logo

Follow us:

Join our mailing list:

By clicking “Subscribe” button above, you are accepting our Terms & Conditions and Privacy Policy.

Company:

  • About Us
  • Advertise with us
  • Become a sponsor
  • Privacy Policy
  • Terms of Use

Contact:

  • Contact Us
  • Feedback
  • Write For Us

© Copyright People Matters Media Pte. Ltd. All Rights Reserved.

Get the latest Articles, Insight, News & Trends from the world of Talent & Work. Subscribe now!
People Matters Logo

Welcome Back!

or

Enter your registered email address to login

Not a user yet? Lets get you signed up!

A 5 digit OTP has been sent to your email address.

This is so we know it's you. Haven't received it yet? Resend the email or then change your email ID.

People Matters Logo

Welcome! Let's get you signed up...

Starting with the absolulte basics.

Already a user? Go ahead and login!

A 5 digit OTP has been sent to your email address.

This is so we know it's you. Haven't received it yet? Resend the email or then change your email ID.

Let's get to know you better

We'll never share your details with anyone, pinky swear.

And lastly...

Your official designation and company name.