<ul><li>Silicon Valley tech giants like Google, Microsoft, and Meta are shifting towards stricter performance management strategies emphasizing rewards and consequences to improve efficiency and productivity.</li><li>Companies like Google are offering more rewards for high performers without increasing the overall budget, while Microsoft is implementing a policy where underperforming employees must either leave voluntarily with a payout or face a Performance Improvement Plan (PIP) with strict deadlines.</li><li>Meta has also adopted performance-based culling, aiming to cut around 5% of its lowest-performing workforce annually, reinforcing the shift towards a more intense work environment with consequences for poor performance.</li><li>The broader trend in the tech industry reflects a focus on driving success through intensity and ruthless execution, with performance ratings becoming crucial and the divide between rewards for high performers and consequences for low performers growing starker.</li></ul>

Carrots and sticks: How Google, Microsoft, and Meta are reshaping performance management

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