Friday, March 11, 2022

Meta: Culture update | Food to go

Here is the link. 

Meta, the parent company of Facebook, told employees on Friday that it was cutting back or eliminating free services like laundry and dry cleaning and was pushing back the dinner bell for a free meal from 6 p.m. to 6:30 p.m., according to seven company employees who spoke on the condition of anonymity.

The new dinner time is an inconvenience because the last of the company’s shuttles that take employees to and from their homes typically leaves the office at 6 p.m. It will also make it more difficult for workers to stock up on hefty to-go boxes of food and bring them to their refrigerators at home.

...

Meta has had a difficult past few months, though company officials say the changes to perks are not related. For years, the company dominated the social media landscape. Now it is undergoing dramatic changes as its user growth stalls and younger competitors like TikTok gain traction worldwide. Investors have been questioning the long-term prospects of the company’s advertising business model. Its market capitalization has dropped by half, to $515 billion. And some employees are debating whether they should be searching for new jobs as they see the value of their stock-based compensation plummet.


Another employee who worked on the company’s food service team pushed back even more strenuously, according to two people who saw the post.

“I can honestly say when our peers are cramming three to 10 to-go boxes full of steak to take them home, nobody cares about our culture,” the employee said, pushing back on assertions from others that the changes would be damaging to Meta’s workplace culture. “A decision was made to try and curb some of the abuse while eliminating six million to-go boxes.”


No comments:

Post a Comment