Meta is preparing for even more layoffs, . CEO Mark Zuckerberg said in a company memo that he plans to cut about five percent of his “underperforming” companies.
“I have decided to raise the bar for performance management and remove poor performers faster,” Zuckerberg said in the memo. “We typically manage people who don't meet expectations over the course of a year, but now we're going to make more extensive cuts based on performance over this cycle.”
In total, this could result in 10 percent fewer staff at Meta, once attrition is taken into account. Bloomberg suggested that upcoming layoff notes will focus on people “who have been with the company long enough to receive a performance rating.”
Between increasing layoffs and attrition, nearly 7,000 Meta employees could leave the company in the near future. This follows a series of shots that finally hit. The company also earlier this month.
“A more efficient organization will execute its top priorities faster. People will be more productive and their work will be more fun and satisfying,” Zuckerberg said in 2024. Nothing says “fun and fulfilling” like living in constant fear of being fired.
Meta has had an unusual year so far. It's only mid-January and the Zuck on the platforms Meta, Designated and <a target="_blank" data-i13n="cpos:7;pos:1" href="https://apnews.com/article/facebook-trump-zuckerberg-meta-03b409b31deb17ecf3c6d8913e999550″ rel=”nofollow noopener” target=”_blank” data-ylk=”slk:took a trip to Mar-a-lago;cpos:7;pos:1;elm:context_link;itc:0;sec:content-canvas” class=”link “> bend the knee. The company also changed its “Hate Content” policy to make it safer for homophobes, and it emerged that instagram had been banning common LGBTQ hashtags.
