In a recent memo to employees, meta CEO Mark Zuckerberg announced the decision to expedite performance-based job cuts in light of the anticipated challenges ahead. This adjustment in strategy reflects a focus on retaining high-performing employees in preparation for what he describes as an "intense year" for the company.
Meta Initiates Workforce Reduction, Aiming for Higher Performance Standards
Meta Initiates Workforce Reduction, Aiming for Higher Performance Standards
Meta, the parent company of social media giants Facebook, Instagram, and WhatsApp, is set to reduce its workforce by approximately 5% as part of a strategy to enhance employee performance.
Meta, which employs around 72,000 individuals globally, will inform US-based workers affected by these cuts by February 10, with communications regarding non-US employees to follow. Zuckerberg emphasized the intention to "backfill" the affected positions later in 2025 and reassured employees of receiving "generous severance" packages if necessary. This decision comes after previous significant layoffs in 2022 and 2023, amounting to tens of thousands of jobs, aligning with Zuckerberg’s declaration of a "year of efficiency."
In conjunction with these changes, Zuckerberg has also made headlines for his evolving public persona, recently expressing a need for a more assertive leadership approach and even engaging in martial arts, which he feels better represents his competitive spirit.
In conjunction with these changes, Zuckerberg has also made headlines for his evolving public persona, recently expressing a need for a more assertive leadership approach and even engaging in martial arts, which he feels better represents his competitive spirit.
