Meta Layoffs: Mark Zuckerberg To Fire 'Low Performers' Across The Company, Read All Details Here

Meta Layoffs: Mark Zuckerberg-owned social media giant Meta is set to fire several employees next month. According to an internal memo from CEO Mark Zuckerberg shared with The Verge, Meta will soon lay off more 'low performers' across the company. As per the report, while the exact number of job cuts is unclear, Meta managers have been told that about 5 per cent of employees will be let go starting February 10.

"I have 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 -- with the intention of backfilling these roles in 2025," Zuckerberg said in the memo.

"Meta is working on building some of the most important technologies in the world — Al, glasses as the next computing platform, and the future of social media. This is going to be an intense year, and I want to make sure we have the best people on our teams.

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 — with the intention of backfilling these roles in 2025. We won’t manage out everyone who didn’t meet expectations for the last period if we’re optimistic about their future performance, and for those we do let go we’ll provide generous severance in line with what we’ve provided with previous cuts.

We’ll follow up with more guidance for managers ahead of calibrations. People who are impacted will be notified on February 10 — or later for those outside the US.

Letting people go is never easy. But I’m confident this will strengthen our teams and help us build leading technology to enable the future of human connection," Zuckerberg said.

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