Meta cutting 5% of workforce based on performance

Published On Jan 14, 2025, 2:48 PM

Meta Platforms, Inc. announced plans to reduce its workforce by 5% focusing on lower-performing employees. This decision is part of an effort to enhance performance management within the company. CEO Mark Zuckerberg mentioned that the organization is aiming for 10% non-regrettable attrition, with the current round including 5% of employees who are underperformers. Departing employees are expected to receive generous severance packages, and the company intends to hire new talent to fill these roles.