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Meta to cut roughly 5% of its workforce
Meta's performance-based cuts could kick off a wider trend in tech
In today's big story, Meta is looking to quickly get rid of low performers with companywide cuts as it prepares for what Mark Zuckerberg says will be an "intense year." What's on deck Markets: The saga of finding Jamie Dimon's replacement takes another twist.
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 to lay off 3600 employees in performance-based cuts
Meta plans to dismiss approximately 3600 employees identified as low performers and replace them with new hires, according to an internal memo reported by Bloomberg on Tuesday. The company, which owns Facebook, Instagram and WhatsApp, confirmed to AFP that CEO Mark Zuckerberg’s decision will affect 5% of its workforce.
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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 ...
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 ...
16h
Meta Is Ending Its DEI Programs, Replacing Them With… DEI Programs?
"What’s in a name?" was famously coined by Shakespeare. While Meta is 'ending' there DEI Programs, are they just being called ...
4h
on MSN
Meta to lay off 5% of employees in efficiency drive
US media reports said tech giant Meta plans to lay off 3,500 employees. CEO Mark Zuckerberg said underperformers will be ...
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 ...
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 ...
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