Meta Platforms Inc, the parent company of Facebook, has reportedly given unfavorable performance ratings to thousands of employees in its latest performance reviews. According to the Wall Street Journal, the company’s leadership team anticipates that these ratings may result in more employees leaving in the coming weeks, and if not enough depart, another round of layoffs may be considered. Almost 10% of the workforce received subpar reviews or a rating of “meets most,” which is the second-lowest performance rating. The lowest rating, “meets some,” is rare, as per the WSJ.

Employees who receive two consecutive “meets most” ratings are placed on performance improvement plans, while those with lower ratings are automatically placed on improvement plans, as reported by sources at the company. The report cites sources who suggest that within Meta, some employees view such ratings as a sign to search for new employment opportunities.

Furthermore, the company has reduced a critical bonus metric that formed part of CEO Mark Zuckerberg’s strategy to make 2023 Meta’s “year of efficiency.” A Meta spokesperson has stated that the review process is designed to encourage long-term thinking, quality work, and feedback for employees to improve their performance.

Last week, the company hinted at another round of job cuts as it postponed finalizing budgets for multiple teams. This development comes after the social media giant announced job cuts of 11,000, which represents 13% of its total workforce, in November 2022. Zuckerberg has expressed his dissatisfaction with a management structure that only involves managers managing other managers, who, in turn, manage the workforce.

The Meta CEO has indicated that the company expects to end 2023 as “roughly the same size or even a slightly smaller organization than we are today.” Meta reported its fourth-quarter financial results and first-quarter guidance earlier this month.