Thread regarding MetLife Inc. layoffs

Inspired Self-Selection Trimming Of the Herd

Interesting article here on Facebook/Meta wanting to trim staff by making annual goals much harder to make so people will fail and be sent packing. The one thing companies with this strategy don't realize is that some good and great workers will see the cliff coming, know that the remainder of the work will be added to their plate and decide to go someplace else ahead of the trainwreck. Thus with the top people out the door, the company is forced to keep the poor performers and give them more work they were not doing in the 1st place increasing their failure rate. Such shortsighted leadership.

[[Pushing Employees Out
Besides cutting hiring, Zuckerberg has found another way to cut costs: pushing current employees out. To do this, Meta will set aggressive performance goals that will be difficult for some employees to achieve.

"Realistically, there are probably a bunch of people at the company who shouldn't be here," the chief executive said.

"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," he added.]]

https://www.msn.com/en-us/money/companies/mark-zuckerberg-has-an-original-idea-to-get-rid-of-employees/ar-AAZ5n8e?ocid=msedgntp&cvid=98daeda4770e45c285cc219b74eae81d

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| 2761 views | | 4 replies (last July 5, 2022) | Reply
Post ID: @OP+1hyNlgvx

4 replies (most recent on top)

Facebooks's stock dropped quit a bit.
Zuckerberg is running scared and said some stuff that probably all executes think, but most don't verbalize it.

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Post ID: @1fho+1hyNlgvx

How will Facebook do this when the employees make up their own performance goals?

Or is it just MetLife that does that?

Seems like they might as well just get rid of however they want to. Why bother with the charade?

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Post ID: @jzk+1hyNlgvx

I've seen this tactic already in play here. A dept had quite a bit of turnover in 2021, yes all the good employees got sick and tired of being over worked with never ending expectations, and left. Now said dept has to rely on the schlubs to get the work done at very sub par standards.

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Post ID: @cqw+1hyNlgvx

Ah, the intangible asset of the employee who spends some of their time helping and teaching others. Bye bye best, brightest and most concerned about the long term health of the company. Hello short term stock price increase

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Post ID: @fuq+1hyNlgvx

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