Meta is set to lay off more employees, with CEO Mark Zuckerberg announcing plans to target "low performers" within the company.
While the exact number of employees affected is unclear, sources indicate that about 5 percent of Meta’s workforce will be let go, with the layoffs starting on February 10.
Zuckerberg explained that to meet Meta's ambitious goals, it’s important to have the best talent on the team.
Meta is set to lay off more employees, with CEO Mark Zuckerberg announcing plans to target “low performers” within the company. In an internal memo, Zuckerberg revealed that the company will be making extensive cuts during this cycle.
“I’ve decided to raise the bar on performance management and move out low-performers faster,” Zuckerberg stated in the memo that was shared with The Verge. The plan involves quicker performance-based layoffs. These roles will be backfilled in 2025, according to Zuckerberg.
While the exact number of employees affected is unclear, sources indicate that about 5 percent of Meta’s workforce will be let go, with the layoffs starting on February 10.
In the memo, Zuckerberg emphasized that Meta is focusing on building important technologies, including AI, new computing platforms like glasses, and the future of social media. He explained that to meet these ambitious goals, it’s important to have the best talent on the team.
Zuckerberg acknowledged that letting employees go is always difficult but expressed confidence that these changes would ultimately strengthen the company’s workforce. “I’m confident this will strengthen our teams and help us build leading technology to enable the future of human connection,” he said.
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Here’s Zuckerberg’s full memo:
Meta is working on building some of the most important technologies in the world — Al, glasses as the next computing platform, and the future of social media. This is going to be an intense year, and I want to make sure we have the best people on our teams.
I’ve decided to raise the bar on performance management and move out low-performers faster. We typically manage out people who aren’t meeting expectations over the course of a year, but now we’re going to do more extensive performance-based cuts during this cycle — with the intention of backfilling these roles in 2025. We won’t manage out everyone who didn’t meet expectations for the last period if we’re optimistic about their future performance, and for those we do let go we’ll provide generous severance in line with what we’ve provided with previous cuts.
We’ll follow up with more guidance for managers ahead of calibrations. People who are impacted will be notified on February 10 — or later for those outside the US.
Letting people go is never easy. But I’m confident this will strengthen our teams and help us build leading technology to enable the future of human connection.
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Ayushi Jain
Tech news writer by day, BGMI player by night. Combining my passion for tech and gaming to bring you the latest in both worlds. View Full Profile
