文|有风 编辑|有风 最近科技圈有点热闹，Meta刚上线新绩效体系"Checkpoint"，转头就传出RealityLabs部门裁了1500人， 初还要再裁5%。 这哪是调整，简直是给行业扔下颗炸弹。 Meta这次的新体系来得有点突然，年底悄悄上线的"Checkpoint"，说白了就是要把绩效评估变简单。 以前的体系复杂到啥程度？听内部人说，光评级就分好几个档，写个评估报告能把人熬秃，反馈还慢得 像蜗牛。 新体系直接砍了不少流程，评级标准也更聚焦结果，比如项目成果、团队贡献这些硬指标。 奖励机制也变了味，高绩效员工能拿到更多股票和晋升机会，低绩效的呢？据说连续两次不达标就得走 人。 这不就是明着告诉大家，要么拔尖，要么卷铺盖。 扎克伯格早些时候喊的"激烈之年"，现在看可不是说说而已，这新体系就是他手里的指挥棒，逼着所有 人往前冲。 毕竟在AI技术狂飙的当下，科技巨头们都在忙着重新洗牌，绩效体系和组织架构成了必改项。 今天咱就从Meta说起，看看这场资源重配风暴到底会怎么影响你我。 Meta的"Checkpoint"，从绩效评估到资源洗牌 更有意思的是AI工具掺和进来了，Meta搞了个AI绩效助手，能自动分析员 ...

Financial Data and Key Metrics Changes - Total company organic revenues rose 7% with the big three segments growing by 9% [4][7] - Adjusted EBITDA increased 5% to $678 million, reflecting a 70 basis point margin increase to 37.8% [7][28] - Free cash flow for 2025 was $843 million, up 4% from the prior year period [29] Business Line Data and Key Metrics Changes - Legal organic revenue grew 8%, driven by Westlaw and co counsel [8][24] - Corporates organic revenue grew 9%, with key contributions from legal, tax, and risk portfolios [9][24] - Tax and accounting organic revenues grew 11%, driven by Latin American and US businesses [9][24] - Reuters News organic revenues rose 5%, with all major lines contributing [10][25] - Global print organic revenues declined 7% [10][25] Market Data and Key Metrics Changes - The percentage of annualized contract value from GenAI-enabled products increased to 22%, up from 20% [26] - The company expects organic revenue growth of 7% to 7.5% for the full year 2025 [30] Company Strategy and Development Direction - The company is focused on leveraging Agentic AI to enhance legal and tax/accounting portfolios [5][11] - There is a commitment to a balanced capital allocation approach, with $10 billion of capital capacity through 2027 [6][78] - The company aims to continue investing in innovation and strategic M&A opportunities [6][78] Management's Comments on Operating Environment and Future Outlook - Management reaffirmed the full year 2025 outlook for organic revenue, adjusted EBITDA margin, and free cash flow [4][30] - The company remains confident in delivering its guidance for 2026, with organic revenue growth targets for the big three segments [31] Other Important Information - The company has introduced several new AI-powered products, including CoCounsel for Tax, Ready to Review, and Ready to Advise [15][16][18] - The integration of AI capabilities is seen as a key differentiator in the competitive landscape [48][50] Q&A Session Summary Question: Can you provide a sense of the percentage of workflow currently being automated? - Management indicated that automation is still relatively modest in legal but more advanced in tax and accounting, with significant time-consuming tasks being automated [36][38] Question: How does the company view its competitive position in the market? - Management believes they are ahead of competitors in tax and accounting innovations and highlighted the unique capabilities of their deep research technology [47][50] Question: What are the drivers behind the margin performance in the quarter? - Key factors included good operating leverage, timing of expenses, and revenue mix, with expectations for margin performance to normalize in the second half of the year [56][58] Question: How is the company thinking about excess capital and potential return of capital transactions? - The company prioritizes strategic M&A for capital deployment, with a commitment to return 75% of free cash flow, potentially including share buybacks [79][80] Question: What is the adoption rate of GenAI-enabled products across different segments? - The larger portion of GenAI-enabled products is currently in the legal segment, but growth is expected across all segments as new products are launched [110]