Meta, the parent company of Facebook, Instagram, and WhatsApp, plans to cut its workforce by 5%, focusing on its lowest-performing employees.
This decision is part of a broader strategy to streamline operations and brace for a challenging year ahead.
In an internal memo shared on Meta’s Workplace forum, CEO Mark Zuckerberg announced the move to speed up the process of removing underperforming staff.
The decision comes as part of a broader effort to streamline Meta’s workforce and focus on top performers.
Zuckerberg emphasized that the company plans to “raise the bar on performance management” and accelerate the process of moving out low performers. He stated that, while the company typically manages underperforming employees over the course of a year, this time they would be making more extensive, performance-based cuts during this cycle.
Meta, which currently employs over 72,000 people, confirmed that employees affected by the layoffs will be notified by February 10, 2025. Those who are laid off will receive severance in line with previous company policies.
