Meta assured affected employees that they would receive 'generous severance' packages. The decision aligns with Zuckerberg’s ongoing 'Year of Efficiency' initiative, which aims to streamline operations and optimise costs.

Meta plans to dismiss approximately 3,600 employees identified as low performers and replace them with new hires, according to an internal memo reported by Bloomberg on Tuesday.

Meta plans to dismiss approximately 3,600 employees identified as low performers and replace them with new hires, according to an internal memo reported by Bloomberg on Tuesday. The company, which owns Facebook, Instagram and WhatsApp, confirmed to AFP that CEO Mark Zuckerberg's decision will affect five percent of its workforce.…

MENLO PARK, CA - Meta is cutting around 5% of its workforce — approximately 3,600 jobs — through performance-based eliminations, a spokesperson for the Menlo Park tech giant confirmed on Tuesday. According to an internal memo, obtained by Bloomberg News, CEO Mark Zuckerberg said, “I’ve decided to raise the bar on performance management and move out low performers faster. We typically manage out people who aren’t meeting expectations over the course of a year, but now we’re going to do more extensive performance-based cuts during this cycle.” The layoffs are part of Meta’s broader “year of efficiency” strategy, launched in 2023, which aims to streamline operations while hiring new talent to backfill positions by the end of 2025. Zuckerberg also revealed that Meta aims for 10% “non-regrettable attrition” by the end of the current performance cycle, indicating more cuts are likely. Zuckerberg outlined an “intense year” ahead, focused on advancing artificial intelligence, smart glasses and the future of social media.…