Mark Zuckerberg warns employees: Get Ready or Leave!

The warning comes as US economy is slated to plunge into the recession in early 2024. And that the Corporations may have to brace for a giant downturn.

Angry CEO of Meta in a harsh message that many took to be a “firing call,” Mark Zuckerberg informed his staff during a Q&A session that he had been considering “turning up the heat” on performance targets and was prepared to weed out any stragglers. According to the tapes quoted by the news agency, Zuckerberg cautioned his team that the company may have to deal with the “biggest downturns” ever experienced and that he thinks a lot of individuals “shouldn’t be here [refers to Meta]”.

This has caused a lot of discussion and buzz on social media. Many people think that the threats may be related to worries about an impending recession.

Mark Zuckerberg's strategy for leading Facebook through controversy

According to an internal memo shared among Meta employees this week, the company is cutting down on hiring and expenditure.

“I have to underscore that we are in serious times here and the headwinds are fierce,” Meta’s Chief Product Officer Chris Cox wrote. In the memo seen by The Verge, Cox adds the following –  “We need to execute flawlessly in an environment of slower growth, where teams should not expect vast influxes of new engineers and budgets.”

This isn’t peculiarly surprising, given the company had frozen hiring across many teams in May. The slow growth of Meta’s metaverse investments is also worrying the company heads.

Remember that Facebook, the flagship service of Meta, took a significant knock over the past year? After 18 years, the company’s growth is slowing down for the first time ever. This could be for a number of reasons, including the preference of Gen Z for hipper platforms like TikTok and the multiple failures of Facebook’s parent corporation Meta in addressing privacy issues.

What does a free service that depends on private user data for revenue do, then? In the memo, Cox mentions that monetizing Reels is Meta’s priority at the moment.

In addition, Cox highlighted areas that need more investment from Meta-AI, messaging, Reels, monetization, and new privacy requirements. In essence, Meta wants its current employees to pull up their socks without expecting any additions – be it in the form of manpower or financial incentives.