Amid financial crisis, Meta will lay off its employees: Report

San Francisco: Amid recession fears, tech giant Meta is hoping to say goodbye to some employees as a media report said the platform has asked managers to identify people for layoffs. According to The Information, Meta Platforms’ vice president of remote presence and engineering Maher Saba has instructed managers to identify poor performers and “proceed to exit” as the company grapples with macroeconomic pressures and its Advertisement is affecting business.

In a post for Meta’s internal messaging system, Saba, who has been with Meta for eight years, asked managers to think about the value their team members bring to Meta. Saba was quoted as saying, “If a direct report is onshore or underperforming, they are not what we need; they are failing this company.” (Also read: Novi to shut down digital wallet in September

“As a manager, you can’t allow someone to be net neutral or negative for the meta,” Saba said. The post said managers should identify those on their team who “need support” by 5 p.m. Monday and “proceed to weed out those who can’t get on track.”

Representatives for Meta, including Sabah, did not respond to requests for comment by the website. Meanwhile, the company recently warned employees to expect a tough second half of the year. (Also read: WhatsApp will soon allow users to hide online status from everyone.

Recently, Meta’s Chief Product Officer Chris Cox detailed the company’s financial dilemma in an internal memo, which detailed key areas the social media giant plans to invest in. Cox reiterated statements made by Meta CEO and co-founder Mark Zuckerberg during a call with analysts as part of the company’s first-quarter earnings report. He said the company is “in dire times here and the headwinds are fierce,” underlining that its challenges are unlikely to disappear anytime soon.