Meta CEO Announces Major Job Cuts Targeting Low Performers

Meta will lay off 5% of its workforce, or approximately 3,600 employees, focusing on low performers in an effort to enhance efficiency.

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Meta to cut 5% of staff as Mark Zuckerberg targets ‘low performers’: memo

New York Post

The list of major US companies laying off staff in the new year, including Meta, Microsoft, and BlackRock

Business Insider

Meta announces 5% cuts in preparation for 'intense year' — read the internal memo

CNBC

Zuckerberg to cut 5% of Meta based on performance

Axios

Meta plans to cut 5% of its lowest performers as a way to 'raise the bar.' Read the memo Mark Zuckerberg sent to staff.

Business Insider

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Overview

A summary of the key points of this story verified across multiple sources.

Meta Platforms Inc., led by CEO Mark Zuckerberg, announced it will lay off about 5% of its workforce, targeting low performers. This move, part of ongoing restructuring efforts, follows previous rounds of layoffs over the past few years. The company aims to replace these positions while adjusting its operational strategies, particularly in light of an anticipated Trump administration. Employees will be notified of their status by February 10, 2025, and will receive severance packages.

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