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Meta to lay off 5% of 'lowest performers'
Meta's performance-based cuts could kick off a wider trend in tech
In today's big story, Meta is looking to quickly get rid of low performers with companywide cuts as it prepares for what Mark Zuckerberg says will be an "intense year." What's on deck Markets: The saga of finding Jamie Dimon's replacement takes another twist.
Meta cutting 'low performers' in latest round of layoffs
Meta has had several rounds of layoffs to adjust its staffing after it hired aggressively during the pandemic. Earlier this year, it cut several jobs in Reality Labs after letting go of 11,000 employees in 2022. Last year, another 10,000 jobs were cut as CEO Mark Zuckerberg deemed 2023 a "year of efficiency."
Meta to lay off 5% of 'lowest performers', plans to hire for impacted roles
Zuckerberg had also called 2023 the "Year of Efficiency" as Meta announced its decision to eliminate around 10,000 roles.
Meta, Zuckerberg
Meta Layoffs Incoming As Zuckerberg Predicts “Intense Year”
Mark Zuckerberg warns that 5% of Meta workforce is going to be cut; and "low performers" will be targeted first.
Mark Zuckerberg says he wants more 'masculine energy' at Meta. So why don't more men use Facebook?
Mark Zuckerberg wants more "masculine energy" at the social companies run by Meta. But his products are used by more women than men. Why is that?
Mark Zuckerberg Preps for MAGA 2.0 by Culling Thousands of Meta Employees
New MAGA cheerleader Mark Zuckerberg will reportedly oversee the culling of 5 percent of Meta’s global workforce, with underperforming employees shown the door. Zuckerberg, who recently bent the knee to President-elect Donald Trump and converted to MAGAism,
21h
Meta to Cut 5% of Its Workers in New Round of Layoffs
The layoffs come as Mark Zuckerberg pushes to remake his company for the Trump era and prepares to co-host a gala for the ...
MIT Technology Review
4h
Meta’s new AI model can translate speech from more than 100 languages
Meta has released a new AI model that can translate speech from 101 different languages. It represents a step toward ...
9d
on MSN
The New Orleans attacker wore Meta glasses. What can they be used for?
The attacker who drove a truck through Bourbon Street in New Orleans used Meta smart glasses to scout the scene ahead of New ...
7d
What’s Behind Meta’s MAGA Makeover?
Mark Zuckerberg is positioning his company for a second Trump term — and revealing the hollow identity at its core.
6h
Meta's Instagram down for thousands of users in the US, Downdetector shows
Meta Platforms's Instagram was down for thousands of users in the U.S. on Wednesday morning, according outage tracking ...
4d
on MSN
Meta ends diversity programs, joining McDonald's, Walmart and other major companies to back off DEI
Meta confirms Axios report that the company is is axing its diversity, equity and inclusion efforts, including for hiring and ...
1d
Meta announces 5% cuts in preparation for 'intense year' — read the internal memo
Meta specified that it is “exiting approximately 5% of our lowest performers” in a separate message posted by a company ...
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