Tech giants like Amazon and Meta are overhauling their performance review systems, and experts say the changes could signal even more layoffs or firings ahead.
Amazon, which on Jan. 28 announced 16,000 layoffs on top of its 14,000 cuts in October, is asking corporate employees to submit three to five “accomplishments,” Business Insider reported last month, citing people familiar with the matter and an internal document viewed by BI. The report notes the company has asked questions to that effect before but says this marks the first time Amazon has “explicitly formalized” its system across its entire corporate workforce around individual accomplishments.
At Meta, which in January announced layoffs affecting 1,000 employees, workers will now be categorized into the top 20%, a middle 70%, a lower 7% and the bottom 3%, BI separately reported, citing an internal employee memo. Top performers with “truly exceptional impact” will now see rewards of up to 300% of their base bonus.
“We’re evolving our performance program to simplify it and placing greater emphasis on rewarding outstanding performance,” a Meta spokesperson told Make It. “While our employees have always been held to a high-performance, impact-based culture, this new direction allows for more frequent feedback and recognition in a more efficient way.” Amazon did not provide comment to Make It.
