In a bold move to drive efficiency, Meta CEO Mark Zuckerberg announced in a memo that the company will expedite its performance review process amid expectations of a challenging year ahead. The reduction, impacting approximately 3,600 employees, will provide generous severance packages to those affected. Following the 2023 layoffs of over 10,000 positions, Zuckerberg emphasized the need for high-performing teams as the company prepares for 2025 staffing changes.
Meta Streamlines Workforce: Cuts 5% of Jobs to Enhance Performance
Meta Streamlines Workforce: Cuts 5% of Jobs to Enhance Performance
Meta, the parent company of Facebook, Instagram, and WhatsApp, is set to slash around 5% of its global workforce as part of a strategy to promptly eliminate low performers.
Zuckerberg's memo stated that U.S. employees impacted would receive notifications by February 10, while those outside the U.S. would be informed soon thereafter. This decision aligns with previous measures he has enacted, such as removing the company's fact-checking initiatives and diversity programs. Once typically spread over a year, the performance-based cuts at Meta are now being accelerated.
Zuckerberg hinted at a personal transformation as well. In a recent podcast appearance, he spoke about the need for a "masculine energy" in business and shared his enjoyment of martial arts as a way to express himself outside the corporate environment. "People typically don't want to see you as a ruthless competitor, but when you're fighting, it's a different story," he explained.
Zuckerberg hinted at a personal transformation as well. In a recent podcast appearance, he spoke about the need for a "masculine energy" in business and shared his enjoyment of martial arts as a way to express himself outside the corporate environment. "People typically don't want to see you as a ruthless competitor, but when you're fighting, it's a different story," he explained.
