Mark Zuckerberg has a plan to rescue Meta, but can he convince his own employees?
, Meta’s share price plunged almost immediately. Its stock price is off more than 50 percent from its high of last year.
Zuckerberg, who personally sold over $4 billion in stock last year before the market crashed, explained that compensation is evaluated at the beginning of the year, and that wasn’t going to change. Photo: Amelia Holowaty Krales and Alex Castro / Sculpture: Okamoto Studio Custom Ice / Concept: Kristen RadtkeAlmost immediately after the Zuckerberg all-hands, one question took hold in the minds of employees:“I don’t see people around me slacking whatsoever,” one employee wrote on Workplace. “I see smart hard workers. Honestly, hearing ‘some of you don’t belong here’ from a leader instead of ‘Here are the challenges. Let’s rally together and overcome them.
But the jokes, many of which were posted in a Workplace group called “Shitposting @ Meta,” masked an underlying nervousness taking hold. Employees debated whether it was enough to have satisfactory ratings in their performance reviews or if that would qualify them as a coaster. One asked, seemingly as a joke, “where do I submit names?”
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