Meta Layoffs: 3,600 Employees To Lose Job Over THIS Reason As Mark Zuckerberg Announces 5% Job Cuts In Internal Memo

Issuing a separate message by a company director, the firm pointed out that it is letting go of ‘approximately 5 per cent of our lowest performers’.

The company said that individuals impacted by the job cuts would be notified by February 10 and will receive severance as per the company’s previous policies.

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Meta is planning to slash jobs based on performance. The company is all set to layoff nearly 5 per cent of the workforce, targeting the lowest performing employees in the firm. Announcing the decision to the staff, CEO Mark Zuckerberg reportedly said the decision aimed to "move out low performers faster". A memo posted on the firm’s internal workplace forum on Tuesday informed employees that 2025 "will be an intense year", a CNBC report said.

Issuing a separate message by a company director, the firm pointed out that it is letting go of "approximately 5 per cent of our lowest performers". As per the recent quarterly report, Meta operated a workforce of more than 72,000 employees until September 2024, which means a 5% reduction could affect nearly 3,600 jobs.

“I’ve decided to raise the bar on performance management and move out low-performers faster,” Zuckerberg said in the note, according to a Bloomberg News report. "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 back filling these roles in 2025.”

The company said that individuals impacted by the job cuts would be notified by February 10 and will receive severance as per the company’s previous policies. The layoffs represent the largest job cuts from Meta since it cut down 21,000 jobs, coming up to nearly a quarter of its workforce in 2022 and 2023.

Zuckerberg informed, “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 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 U.S.”

Notably, Zuckerberg last week announced that the company would end its third-party fact-checking program in favour of a ‘Community Notes’ model used on Elon Musk’s social networking platform X, where individual users add more context to posts.