- Meta wants to cut 5% of its workforce
- CEO Mark Zuckerberg wants low-performing workers out and new talent in
- The cuts, with widespread attrition, will reduce the workforce by around 10% this year.
Meta plans to cut 5% of its workforce, according to an internal memo shared by CEO Mark Zuckerberg to employees and acquired by Bloomberg.
The figures put Meta’s current workforce at around 72,500, meaning the layoffs would affect at least 3,600 of the company’s “low-performing employees.”
“We typically manage people who do not meet expectations over the course of a year, but now we are making more extensive cuts based on performance over this cycle,” Zuckerberg said in the memo.
‘This is going to be an intense year’
“I have decided to raise the bar on performance management and remove poor performers faster,” Zuckerberg said, also stating that the company would fill vacant positions through 2025.
Those who will be laid off from the company in the United States are expected to be notified on February 10 and will receive “generous severance pay,” according to Zuckerberg, and overseas workers will likely be notified at a later date. Meta has cut about 21,000 workers between 2022 and 2023, and Zuckerberg eliminated 10,000 of these jobs during the company’s “efficiency year,” the 23rd.
For this year, Meta’s employee numbers are expected to fall by 10% as a result of current job cuts and defections. Going forward, the company plans to focus heavily on artificial intelligence, smart glasses and its social media platforms, and Zuckerberg is likely ready to fill the looming gap in the market caused by TikTok’s upcoming ban in the United States. USA on January 19.
Zuckerberg also recently announced that Meta would cease its Diversity, Equity and Inclusion programs and that Facebook and Instagram would transition from “politically biased” fact-checking services to a community-based rating system, similar to Twitter (now known as X). .
