Meta, the parent company of Facebook, Instagram, and WhatsApp, is laying off 4,000 employees, approximately 5% of its workforce. This second round of layoffs follows a similar move in 2022-2023 where Meta laid off 21,000 employees. The company claims to be targeting 'lowest performers' and will backfill positions with skilled workers in areas like machine learning. Meta cites a need to increase productivity as the reason for the job cuts.
Tech and social media giant Meta is laying off thousands of workers in an effort to boost productivity. A Business Insider report stated that Meta , whose platforms include Facebook , Instagram , and WhatsApp, is cutting 5% of its workforce. This is estimated to be around 4,000 employees. Employees are expected to be notified via email on Monday morning. Despite the layoffs, Meta still has about 1,000 job openings in California.
According to Reuters, Meta executives say they are targeting the company's 'lowest performers' and will backfill positions. The company classifies these cuts, which impact countries across the globe, as 'performance terminations.'\While workers in the United States are receiving the news on Monday, employees in more than a dozen other countries in Europe, Asia, and Africa received layoff notices for February 11 to 18. Meta staffers in Germany, France, Italy, and the Netherlands are exempt from the cuts, according to Reuters, 'due to local regulations.' The company says it will expedite the hiring of machine learning engineers and other business-critical roles. Some industry experts suggest that employees who have resisted returning to full-time office work could be targeted by this second round of Meta reductions. \From 2022 to 2023, the company laid off approximately a quarter of its workforce, or 21,000 people. University of New Haven business professor James Mohs stated that Meta has been laying off employees since 2023, targeting 'low performers.' 'Those that are not performing up to the standards. Now, there's another blurb that says Mister Zuckerberg has raised standards,' where some people are 'working from home and not doing much.' Mohs explained that this costs companies productivity, and many are or will soon move completely away from that option. Affected workers will be offered severance packages in line with what Meta has previously given its 'exiting' — that's their word — employees. Meta, based in Menlo Park, isn't the only Silicon Valley company to be laying off workers. Workday, based in Pleasanton, and Salesforce, based in San Francisco, also announced layoffs this month, citing a desire to invest more in Artificial Intelligence
Meta Layoffs Facebook Instagram Whatsapp Productivity Artificial Intelligence Performance Terminations
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