Meta to cut 5% of 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 Lay Off 3,600 Employees In Performance-based Cuts
Meta plans to dismiss approximately 3,600 employees identified as low performers and replace them with new hires, according to an internal memo reported by Bloomberg on Tuesday.
Meta plans to lay off 5% of workforce in performance-based cuts
Meta Platforms plans to dismiss nearly 3,600 employees identified as low performers and replace them with new hires, according to an internal memo
Meta cuts another 5% of global workforce
Meta will remove 5% of its existing workforce via performance-based terminations, according to an internal memo seen by Bloomberg. I’ve decided to raise the bar on performance management and move out low performers faster,” Mark Zuckerberg said in the memo.
Meta to cut 5% of workforce based on performance
CEO Mark Zuckerberg has also warned employees about more such job cuts this year to 'raise the bar' on performance management.
Meta could make performance-based job cuts an annual practice, leaked memo suggests
Meta's annual performance-based job cuts strategy aims to boost employee standards, increase non-regrettable attrition, and remove lowest performers.
Meta layoffs: Could 2025 see more tech cuts similar to 2023?
Meta Platforms plans to lay off 5 per cent of employees as part of efforts to attract the best talent, according to a memo reportedly sent by its chief executive this week. The parent company of Facebook,
Meta following Microsoft footsteps? Why has Mark Zuckerberg decided to lay off 3,600 employees: Explained in 10 points
Facebook parent company Meta has announced another round of layoffs. Mark Zuckerberg is planning to fire 3,600 employees.
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Meta to trim 5% of its workforce, focusing on underperformers — Mark Zuckerberg says the move will "raise the bar" on performance management
Meta will make performance-based cuts, slated to impact approximately 5% of its workforce based on performance. The company ...