Meta CEO Mark Zuckerberg announced in an internal memo to employees that the company would be laying off underperforming workers across the organization. According to the leaked memo, performance management criteria will be tightened, and employees with low performance will be separated more quickly. Here are the details…
Zuckerberg: “Layoffs begin in February”
Zuckerberg mentioned that employees who fail to meet the company’s set standards are typically fired within a year, but in this cycle, a broader performance evaluation will speed up the process. According to the information provided to managers, around 5% of Meta’s employees will be laid off starting February 10.
Between 2022 and 2023, Meta laid off a total of 21,000 employees, with the last major round of layoffs taking place in October. The new layoffs will be based on performance evaluations.
Sony has decided to cancel the God of War game it has been working on for a long time. Here are the details and what you need to know...
In the memo, Zuckerberg emphasized that Meta is building some of the world’s most important technologies, including artificial intelligence, augmented reality glasses, and the future of social media. The CEO stated, “This year will be intense, and I want to make sure we have the best people,” underlining the decision to raise the bar for performance management.
Meta’s strategy is aimed at filling open positions by 2025. Do you think Zuckerberg’s move could boost the company’s competitiveness? Feel free to share your thoughts in the comments!
