The ‘Performance-Based’ Layoff Is a Lie. Here’s What’s Actually Happening.
Zillow’s CEO fired 500 people and called it performance-based. But insiders reveal managers were pressured to deliver mid-year ratings and flag ‘non-regrettable attrition’ — a quota dressed up as merit. The real audience wasn’t employees or customers. It was Wall Street. And the system isn’t broken; it’s designed to make cuts look principled while destroying the tacit knowledge that actually drives long-term advantage.