Meta, the parent company of Facebook, Instagram, and WhatsApp, is cutting 5% of its workforce in a performance-based layoff. CEO Mark Zuckerberg announced the change in an internal memo, stating that the company will be removing low-performing employees more quickly than in the past. The layoffs are expected to impact approximately 3,600 roles.
Meta , the parent company of Facebook , Instagram , and WhatsApp, is planning to reduce its workforce by 5%, targeting low-performing employees. This decision, announced in an internal memo by CEO Mark Zuckerberg , signals a shift towards stricter performance management and a faster removal of underperforming individuals. Zuckerberg stated that while the company typically addresses performance issues over the course of a year, this cycle will involve more extensive performance-based cuts.
With Meta currently employing 72,000 people, the 5% reduction could impact approximately 3,600 roles.Employees facing layoffs are expected to be notified by February 10th, with workers in other countries receiving information at a later date. Bloomberg reports that Zuckerberg assured affected employees of generous severance packages. This announcement follows a series of significant changes at Meta in recent weeks, including the elimination of fact-checking from its platforms, the discontinuation of diversity and inclusion initiatives, and the loosening of rules regarding hate speech and abuse, particularly concerning sexual orientation, gender identity, and immigration status. These moves are seen as part of Zuckerberg's efforts to mend relations with former President Donald Trump.Earlier this year, Meta already reduced its workforce by laying off staff at WhatsApp, Instagram, and its virtual reality technology unit, Reality Labs, to align its resources with strategic goals. This recent layoff announcement follows several rounds of job cuts implemented by Meta to adjust staffing levels after aggressive hiring during the pandemic. In 2022, Meta laid off 11,000 employees, followed by another 10,000 job cuts in 2023, with Zuckerberg characterizing the year as 'a year of efficiency.'
Meta Layoffs Performance Mark Zuckerberg Facebook Instagram Whatsapp
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Meta cutting 5% of workforce based on performanceMeta, the parent company of Facebook and Instagram, is cutting the lowest-performing 5% of its workforce and plans to fill those roles later this year, the company said in a memo.
Read more »
Meta to Slash 5% of Workforce in Performance-Based LayoffsMeta CEO Mark Zuckerberg announced plans to cut 5% of the company's workforce, focusing on employees who are not meeting performance expectations. The layoffs are expected to impact around 3,600 roles and will begin with notifications to employees in the United States by February 10th. Zuckerberg stated that the company will be implementing a more aggressive performance management system to identify and remove underperforming employees more quickly.
Read more »
Meta to Cut Workforce, Focusing on 'Lowest Performers'Meta, the parent company of Facebook, announced plans to reduce its workforce, targeting low-performing employees. CEO Mark Zuckerberg stated in an internal memo that performance management standards would be raised, and underperforming individuals will be let go more quickly. Meta aims for a 10% reduction in 'non-regrettable' attrition by the end of the current performance cycle, which includes approximately 5% attrition from 2024.
Read more »
Meta to Cut 5% of Workforce, Targeting Low PerformersMeta CEO Mark Zuckerberg announced plans to lay off 5% of the company's workforce, focusing on employees who are not meeting performance expectations. The cuts, expected to impact around 3,600 roles, will be implemented by February 10th. Zuckerberg stated that performance-based layoffs would be more extensive during this cycle, aiming to raise the bar for employees. Affected employees will receive generous severance packages.
Read more »
Meta to Cut 5% of Workforce, Focusing on Low PerformersMeta Platforms is laying off approximately 5% of its workforce, targeting employees who have not met performance expectations. CEO Mark Zuckerberg announced the decision in a memo, stating that 2025 will be an 'intense year' and the company needs to have the 'best people' on its teams. Affected employees will be notified by February 10th and will receive severance packages. This marks Meta's largest layoff since 2022 when it cut nearly a quarter of its workforce.
Read more »
Meta cutting 'low performers' in latest round of layoffsMeta plans to cut 5% of its workforce, weeding out its lowest performers.
Read more »