According to the memo obtained by Insider, Meta employees will be required to work in the office at least three days a week starting from September 5. The policy won’t affect workers that receive exemptions from the management or were hired for fully remote positions.

The company also warned employees that refusal to follow the “in-person time policy” could lead to job loss or negatively impact an individual’s performance review. On the flip side, fully remote workers will have limited access to the office, being able to come in for a maximum of four days in a span of two months.

“In the near-term, our in-person focus is designed to support a strong, valuable experience for our people who have chosen to work from the office, and we’re being thoughtful and intentional about where we invest in remote work,”  Meta spokesperson told Fortune when reached for comment.

Meta’s “in-person time policy” comes as a surprise, considering that the company was at the forefront of the remote work shift during the pandemic days. Several other big tech companies, including Apple and Google, have also been making a push to get employees back to the office. 

The post Meta Employees Will Face Termination for Not Complying With “In-Person Time Policy” appeared first on theprimarymarket.com.

Back in November, the company laid off 11,000 workers in what has been the first massive layoff for the company since its inception. Meta executives reportedly wanted to create a “more efficient organization” and didn’t hesitate to get rid of entire teams if they deemed them non-essential.

These previous layoffs are considered to be a part of the “flattening” process, which usually includes reducing the number of management levels. The new round of layoffs, on the other hand, is believed to be driven by financial targets.

Meta has seen a drop in advertisement revenue lately, causing the company to find ways to cut costs and find additional sources of revenue. As part of these efforts, it will introduce a service called Meta Verified, which will allow users to get account verification badges and additional perks for a monthly fee.

After suffering a significant decline last year, Meta stock experienced a significant surge to start 2023. The company’s shares are currently at $184.90, almost 50% up year-to-date.

The post Meta Plans a New Round of Layoffs That Will Affect Thousands appeared first on theprimarymarket.com.

The New York Times reports that Zuckerberg addressed the future of the company during a recent internal videoconference meeting and said that he expects one of the “worst downturns that we’ve seen in recent history.” The Facebook founder also warned the staff that their performances will be carefully monitored and that they would have to be more careful with managing the resources at their disposal. 

Zuckerberg also told the workers that they were free to go in case they were not okay with these new changes.

“I think some of you might decide that this place isn’t for you, and that self-selection is OK with me,” Zuckerberg said via The New York Times. “Realistically, there are probably a bunch of people at the company who shouldn’t be here.”

Besides expecting some exits, Meta also readjusted its plans for hiring new staff in the future. The company’s previous goal for 2022 was to hire 10,000 new engineers. However, the revised numbers are expected to be around 6,000.

The post Mark Zuckerberg Warns Meta Staff About Tough Times Ahead appeared first on theprimarymarket.com.

According to the memo obtained by Insider, Meta employees will be required to work in the office at least three days a week starting from September 5. The policy won’t affect workers that receive exemptions from the management or were hired for fully remote positions.

The company also warned employees that refusal to follow the “in-person time policy” could lead to job loss or negatively impact an individual’s performance review. On the flip side, fully remote workers will have limited access to the office, being able to come in for a maximum of four days in a span of two months.

“In the near-term, our in-person focus is designed to support a strong, valuable experience for our people who have chosen to work from the office, and we’re being thoughtful and intentional about where we invest in remote work,”  Meta spokesperson told Fortune when reached for comment.

Meta’s “in-person time policy” comes as a surprise, considering that the company was at the forefront of the remote work shift during the pandemic days. Several other big tech companies, including Apple and Google, have also been making a push to get employees back to the office. 

The post Meta Employees Will Face Termination for Not Complying With “In-Person Time Policy” appeared first on theprimarymarket.com.

Back in November, the company laid off 11,000 workers in what has been the first massive layoff for the company since its inception. Meta executives reportedly wanted to create a “more efficient organization” and didn’t hesitate to get rid of entire teams if they deemed them non-essential.

These previous layoffs are considered to be a part of the “flattening” process, which usually includes reducing the number of management levels. The new round of layoffs, on the other hand, is believed to be driven by financial targets.

Meta has seen a drop in advertisement revenue lately, causing the company to find ways to cut costs and find additional sources of revenue. As part of these efforts, it will introduce a service called Meta Verified, which will allow users to get account verification badges and additional perks for a monthly fee.

After suffering a significant decline last year, Meta stock experienced a significant surge to start 2023. The company’s shares are currently at $184.90, almost 50% up year-to-date.

The post Meta Plans a New Round of Layoffs That Will Affect Thousands appeared first on theprimarymarket.com.

The New York Times reports that Zuckerberg addressed the future of the company during a recent internal videoconference meeting and said that he expects one of the “worst downturns that we’ve seen in recent history.” The Facebook founder also warned the staff that their performances will be carefully monitored and that they would have to be more careful with managing the resources at their disposal. 

Zuckerberg also told the workers that they were free to go in case they were not okay with these new changes.

“I think some of you might decide that this place isn’t for you, and that self-selection is OK with me,” Zuckerberg said via The New York Times. “Realistically, there are probably a bunch of people at the company who shouldn’t be here.”

Besides expecting some exits, Meta also readjusted its plans for hiring new staff in the future. The company’s previous goal for 2022 was to hire 10,000 new engineers. However, the revised numbers are expected to be around 6,000.

The post Mark Zuckerberg Warns Meta Staff About Tough Times Ahead appeared first on theprimarymarket.com.