Tech
Meta Sets to Sack 3,600 Employees
- Meta to reduce workforce by 3,600 employees in performance-based layoffs.
- CEO Mark Zuckerberg cites higher performance standards as the reason for the cuts.
- Affected employees include only those eligible for performance reviews.
EKO HOT BLOG reports that CEO Mark Zuckerberg disclosed this in an internal memo obtained by Bloomberg on Wednesday, revealing that approximately 3,600 positions could be affected. He stated that vacant roles would be backfilled after the cuts.
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“I’ve decided to raise the bar on performance management and move out low-performers faster,” Zuckerberg explained. “Typically, we manage out underperformers over the course of a year, but we’ll now implement more extensive performance-based cuts during this cycle.”
He clarified that only employees who have been with Meta long enough to be eligible for performance reviews would be impacted. The goal, Zuckerberg noted, is to attract and retain the “strongest talents” capable of meeting the company’s evolving expectations.
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These layoffs come amidst significant operational changes at Meta. Ahead of Donald Trump’s inauguration as the 47th U.S. president on Monday, Zuckerberg appointed Trump ally Dana White and two others to the Meta board as part of efforts to strengthen ties with the president-elect.
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Additionally, Meta has ended its partnership with third-party fact-checkers on Facebook, Threads, and Instagram. Instead, the company will rely on users to add notes to posts for content verification.
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