No More Work From Home As Facebook Parent Meta Now Pauses Remote Work Hirings After Mass Layoffs!
Meta (formerly Facebook) is no longer listing new remote positions, as managers have reportedly been forbidden from posting new listings with a remote-work option. According to SFGate, a Meta spokesperson said, "the delisting of remote positions is temporary."
San Francisco, April 4: Meta (formerly Facebook) is no longer listing new remote positions, as managers have reportedly been forbidden from posting new listings with a remote-work option. According to SFGate, a Meta spokesperson said, "the delisting of remote positions is temporary."
"We remain committed to remote work. We've merely temporarily paused new remote work applications as leaders complete the restructuring work that Mark (Zuckerberg) announced last month," the spokesperson was quoted as saying in the report. Meta Layoffs: Tech Firm Gives Thousands of Employees ‘Subpar’ Performance Ratings, More Sacking Likely.
The company's remote-friendly key description -- "Remote roles are now available in the US, Canada, and Europe, and we'll continue to add more roles in more locations as they become available" -- has also been removed from its website. Meta Layoffs: Sob Stories of Indians Hit by Job Cuts Out As They Begin Search for Employment on LinkedIn.
In the March notice to employees, Zuckerberg had said that engineers who joined in-person or fully work in person generally "performed better on average than people who joined remotely."
He, however, added that the social media platform is "committed to distributed work." After laying off 21,000 employees in two job cut rounds, Meta is further looking to cut costs, and has reportedly plans to lower bonus payouts for some workers in its 'Year of Efficiency'.
Employees who get a "met most expectations" rating in performance review will get a smaller percentage of their bonus and restricted stock award which are due in March 2024, the Wall Street Journal reported. Thousands of workers have received the affected pay grade in a recent review round.
"We're making changes to our performance process taking into account learnings and feedback over the last year while optimising for the future. These changes are not related to workforce restructuring," a company spokesperson was quoted as saying. Zuckerberg said that after restructuring, Meta plans to lift hiring and transfer freezes in each group.
(The above story first appeared on LatestLY on Apr 04, 2023 09:32 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).