Over 3,000 Meta employees will be laid off due to their poor performance
Meta is cutting about 5% of its workforce through voluntary redundancy. The company plans to hire new people to replace these laid-off employees later this year.
Meta is cutting about 5% of its workforce through voluntary redundancy. The company plans to hire new people to replace these laid-off employees later this year.
As of September, Meta employed about 72,000 people, so a 5% cut could affect about 3,600 jobs.
“I have decided to raise the bar on performance management and fire low-performing employees more quickly,” CEO Mark Zuckerberg said in an internal memo reviewed by Bloomberg News.
“We typically fire people who don’t meet expectations within a year,” he said, “but now we’re going to make larger cuts based on performance throughout this cycle.” The performance review cycle at Meta is expected to conclude in February, according to a person familiar with the matter.
Affected employees in the US are expected to receive notification on February 10, while employees in other countries will be informed later, the statement said.
The layoffs will only affect employees who have been with the company long enough to be eligible for a performance review. Zuckerberg told employees that the company will “provide generous severance pay” in line with previous layoffs.
Zuckerberg declared 2023 the company’s “year of efficiency” and announced plans to cut 10,000 jobs. Now he’s changed his tune. In a memo to managers, he said the efficiency-based cuts are aimed at ensuring the company has “the strongest talent” and is able to “bring in new people.”
Overall, Meta expects to reduce its headcount by 10% by the end of the current cycle. According to a memo to managers, this figure includes an additional 5% reduction from last year's turnover.
Previously, dev.ua reported on new layoffs at Microsoft. Low-performing employees will also suffer.
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