Meta is reducing its workforce by 5% as Zuckerberg aims to "elevate standards."
Meta is preparing to implement significant layoffs.
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- Meta wants to cut 5% of its headcount
- CEO Mark Zuckerberg wants low performers out, and new talent in
- The cuts, with general attrition, will cut headcount by around 10% this year
Meta is planning to cut 5% of its workforce, according to an internal memo shared by CEO Mark Zuckerberg to employees and acquired by Bloomberg.
According to estimates, Meta's workforce currently stands at approximately 72,500 employees, which indicates that the layoffs would impact a minimum of 3,600 individuals identified as "low performers."
"In the memo, Zuckerberg stated, 'Usually, we address underperforming employees gradually throughout the year, but this time we will implement more significant performance-related reductions in this cycle.'"
"This year is set to be quite intense."
“I’ve made the decision to elevate our standards for performance management and to swiftly part ways with low performers,” Zuckerberg remarked, adding that the company plans to fi
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