Meta plans to cut 5% of its workforce, or about 3,600 employees, with the social media giant focusing on removing low-performing employees.
layoff, first informed Meta, which had about 72,400 employees as of September 30, was confirmed by Bloomberg News. In a memo published by Bloomberg and confirmed by Meta, CEO Mark Zuckerberg said the company's plans reflect the anticipation of an “intense year” that will focus on technology like artificial intelligence and smart glasses.
Zuckerberg wrote in the memo, “I have decided to raise the level of performance management and rapidly remove poor performers.”
The decision to remove low-performing employees comes at a time when Meta is undergoing a transformation End your fact-checking program And it has been replaced with a community-driven system used by Elon Musk's X. While reducing his fact-checking program, Zuckerberg cited the 2024 US presidential election as the underlying reason for the decision, calling it a “cultural tipping point”.
is also meta ending in Its flagship diversity, equity and inclusion, or DEI, program is to join other corporate giants, such as McDonald's And wal-mart Which has put a halt to their diversity initiatives.
Meta employees who were cut will receive “generous severance,” Zuckerberg said in the memo about the new job cuts.