Meta plans to lay off 5% of its workforce, focusing on low performers.

Meta, the parent company of Facebook and Instagram, has announced plans to lay off 5% of its global workforce, focusing on employees deemed low performers. This decision, shared by CEO Mark Zuckerberg, is part of Meta’s ongoing strategy to improve efficiency and streamline operations amid fierce competition in the tech sector.

Those affected by this decision are expected to be informed by February 10, following a thorough performance review. Although these layoffs will temporarily reduce the workforce, Meta intends to fill many of the affected positions later this year to ensure the company is adequately staffed to achieve its strategic objectives.

This restructuring comes after previous job cuts in 2022 and 2023, which were part of Meta’s “Year of Efficiency” initiative. The company continues to invest significantly in artificial intelligence and other essential technologies, aligning with its long-term goals.

The announcement has elicited mixed reactions from employees, with some supporting the push for higher performance standards, while others are concerned about the evaluation process and its effects on morale. Meta has promised that the process will be carried out transparently and fairly.

With over 72,000 employees worldwide as of late 2024, this decision will impact around 3,600 individuals. This underscores the challenges tech companies face in balancing workforce optimization with innovation in a rapidly changing industry

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