#rumor

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Anybody else has trouble believing this?

  • Meta denies plans for new performance-based layoffs amid online speculation.
  • Meta previously considered annual job cuts based on performance to manage low performers.
  • Meta recently cut 10% of its Reality Labs division, affecting over 1,000 employees.

https://www.businessinsider.com/meta-says-no-performance-related-layoffs-planned-2026-2


Morrow all teams meeting yesterday

did anyone see it? Someone asked about job cuts, and he said we are 74 management employees over right now which is 2%, but our normal churn is 3% (people leaving on their own), so he doesn't expect any cuts this year.

His words not mine. Just curious with everyone posting rumors of huge layoffs coming this month, when is that going to happen because Bill says it isn't. I also asked my VP, and he said he hasn't heard anything about a layoff. He's told me about one every time way in advance when somethings up. According to him they are very pleased with financials, and we expect to be in the black by end of the year with customer acquisition and profits.


Shutting down Uniondale NY

Uniondale office has been used since early 1990s. Leased space trimmed down year after year to what is only one floor now. “Rumor” says entire location closing 9/1 with notice to be given 6/1. Take the Long Island railroad commute to NYC or resign. Approximately $5000 annual cost. No word if it’s 200 Park Avenue (Grand Central station) or downtown Greenwich office (train ride, subway ride, then a few block walk to the building). For most in the building commute will be 60-90 minutes one way when currently it’s 15-45 minutes. Best estimate is this affects 300 people, all of whom are well aware of the “rumor”. Also “rumored” is the closing of the Franklin Avenue location of wealth management (20-30 people?). Progress tells us to be robotic commuters, sit in small desks in a football field sized environment, everyone wear the obligatory BNY vest or Eliza jacket, whisper so as not to disturb colleagues, watch higher ups use their offices, never get a glimpse of the C suite, arrive early, stay late or be subject to ridicule. Leave home at 6AMish arrive home at 8PMish. Sounds attractive?