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Meta to cut roughly 5% of its workforce
Meta is cutting 5% of its workforce as Zuckerberg looks to "raise the bar"
Meta is planning to cut 5% of its workforce, according to an internal memo shared by CEO Mark Zuckerberg to employees and acquired by Bloomberg. Figures put Meta’s current workforce at around 72,500, meaning the layoffs would affect at least 3,600 of the company's “low-performers.”
Meta to layoff around 3,600 in 'performance-based cuts'
The layoffs will remove 5 percent of Meta's workforce as an effort to 'move out low performers faster' in preparation for 'an intense year,' said CEO Mark Zuckerberg.
Meta cutting 'low performers' in latest round of layoffs
Meta has had several rounds of layoffs to adjust its staffing after it hired aggressively during the pandemic. Earlier this year, it cut several jobs in Reality Labs after letting go of 11,000 employees in 2022. Last year, another 10,000 jobs were cut as CEO Mark Zuckerberg deemed 2023 a "year of efficiency."
1h
on MSN
Trump inauguration: Meta CEO to co-host meeting with Republican billionaires
Mark Zuckerberg will co-host a meeting of Republican billionaires for the Trump inauguration next week, sources told The ...
15h
on MSN
Meta expected to lay off 5 percent of workforce ahead of ‘intense year’
Meta is planning to lay off about 5 percent of its workforce by targeting the company’s lowest performers in preparation for ...
15h
Zuckerberg says Meta will lay off more ‘low-performers’
Meta will soon lay off more “low-performers” across the company, according to an internal memo from CEO Mark Zuckerberg that ...
2d
CEO of left-leaning fact-checker says government at fault for censoring Hunter Biden laptop, not fact-checkers
Snopes CEO Chris Richmond said the government was at fault for the censoring of the Hunter Biden laptop story in 2020, and ...
18h
Meta to lay off 5% of 'lowest performers', plans to hire for impacted roles
Meta Platforms will trim about 5% of its "lowest performers" and plans to hire for the impacted roles this year, a company ...
2h
Nvidia's Jensen Huang and Meta's Mark Zuckerberg Pour Cold Water on Quantum Computing Hype. Here's 1 Stock to Buy Anyway.
Quantum computing holds the potential to radically transform the world. Nvidia CEO Jensen Huang and Meta Platforms CEO Mark ...
1d
on MSN
Meta’s fact-checking changes stoke disinformation concerns
The end of fact-checking at Meta is raising fresh concerns its platforms will become a hotbed of disinformation as the ...
India West
1d
Meta Not Checking Facts Anymore: Zuckerberg Thinks Modi Lost Elections
The International Fact-Checking Network warned that countries vulnerable to misinformation could face political instability, ...
14h
on MSN
Facebook Parent Meta Platforms To Lay Off 5% Of Staff; CEO Mark Zuckerberg Warns Of "Intense" Year Ahead
Facebook and Instagram parent Meta Platforms plans to lay off about 5% of its workforce, with CEO Mark Zuckerberg warning of ...
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