Meta prepares for its largest layoffs since 2022, focusing on performance improvement and streamlining its workforce.
Meta is preparing to reduce its workforce by approximately 5%, primarily targeting employees who are considered low performers. This information was confirmed by CNBC on Tuesday, following a memo from CEO Mark Zuckerberg to employees. In the memo, posted on Meta 's internal Workplace forum, Zuckerberg stated the company's intention to 'move out low performers faster' and characterized 2025 as 'an intense year.
' A separate message from a company director clarified that Meta is 'exiting approximately 5% of our lowest performers.' Meta currently employs over 72,000 individuals. Employees affected by the layoffs will be notified by February 10th and will receive severance packages in line with previous company practices. This round of layoffs represents Meta's largest since its significant workforce reduction in 2022 and 2023, when the company eliminated 21,000 jobs, amounting to almost a quarter of its workforce. Zuckerberg, in a video announcement, emphasized that the recent elections indicated a cultural shift towards prioritizing free speech. He stated, 'The recent elections also feel like a cultural tipping point towards once again prioritizing speech, so we're going to get back to our roots and focus on reducing mistakes, simplifying our policies and restoring free expression on our platforms.' He added that Meta is dedicated to developing some of the world's most crucial technologies, including AI, glasses as the next computing platform, and the future of social media.He underscored the importance of having the best team members, stating, 'This is going to be an intense year, and I want to make sure we have the best people on our teams. I've decided to raise the bar on performance management and move out low performers faster.' He explained that the company's typical approach to managing underperforming employees involves a year-long process, but they will now implement more extensive performance-based cuts during this cycle, anticipating to fill these roles in 2025. He assured that not everyone who didn't meet expectations would be let go if there was optimism about their future performance, and those who were let go would receive generous severance packages consistent with previous layoffs. He promised further guidance for managers before performance calibrations
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