Meta to Cut 5% of Its Workers in New Round of Layoffs

1 day ago · Meta plans to lay off up to 5 percent of its employees based on performance ratings, according to an internal memo to workers on Tuesday viewed by The New York Times. ...

5%
OFF

Meta To Cut 5% Of Its Workers In New Round Of Layoffs

2 weeks from now

1 day ago · Meta plans to lay off up to 5 percent of its employees based on performance ratings, according to an internal memo to workers on Tuesday viewed by The New York Times. ...

nytimes.com

5%
OFF

Meta Is Cutting 5% Of Its ‘lowest Performers’ | CNN Business

2 weeks from now

1 day ago · Meta is aiming to cut about 5% of what it calls its “lowest performers” with plans to backfill those roles later this year, the company confirmed on Tuesday. Those jobs cuts could …

cnn.com

5%
OFF

Meta To Cut 5% Of Staff Based On Performance - Axios

2 weeks from now

1 day ago · Meta notified employees Tuesday that it plans to lay off the lowest-performing 5% of its staff, or roughly 3600 people. Why it matters: It's the third round of major layoffs at Meta in …

axios.com

5%
OFF

Meta Announces 5% Cuts In Preparation For 'intense Year' — Read …

2 weeks from now

1 day ago · Meta will cut about 5% of its staff, focusing on its lowest-performing workers, CNBC confirmed.

cnbc.com

5%
OFF

Meta To Cut Roughly 5% Of Its Workforce Based On Performance

2 weeks from now

1 day ago · The upcoming cuts come as Meta has laid off a large amount of its workforce in recent years. The company most recently laid off employees in October and let go of 10,000 …

techcrunch.com

5%
OFF

Meta To Lay Off 5% Of Workforce, About 3,600 Employees, In …

2 weeks from now

5 hours ago · Meta has laid off more than 21,000 people since November 2022, with 10,000 cuts taking place in 2023, which Zuckerberg defined as the company's "year of efficiency." Post a …

techspot.com

5%
OFF

Meta To Lay Off 5% Of Its Workforce Ahead Of 'intense Year'

2 weeks from now

23 hours ago · In a memo to staff, CEO Mark Zuckerberg said he “decided to raise the bar on performance management and move out low-performers faster.” Meta Platforms Inc. (Nasdaq: …

bizjournals.com

5%
OFF

Meta To Lay Off 5% Of 'lowest Performers', Plans To Hire For …

2 weeks from now

1 day ago · Jan 14 (Reuters) - Meta Platforms (META.O), opens new tab will trim about 5% of its "lowest performers" and plans to hire for the impacted roles this year, a company …

reuters.com

5%
OFF

Meta To Lay Off 5% Of Workforce As Zuckerberg Targets Low …

2 weeks from now

23 hours ago · Meta is planning to lay off about 5 percent of its workforce by targeting the company’s lowest performers in preparation for what CEO Mark Zuckerberg said will be an …

thehill.com

5%
OFF

Meta To Lay Off 3,600 Employees In Performance-based Cuts - Tech …

2 weeks from now

23 hours ago · Meta is set to lay off around 3,600 employees, representing 5% of its workforce, as part of a performance-based strategy to replace low performers with new hires. This move …

techxplore.com

5%
OFF

Meta To Cut Roughly 5% Of Staff, Targeting Lowest Performers

2 weeks from now

17 hours ago · The move comes just after Mark Zuckerberg announced Meta would eliminate fact-checking. ... Meta expects its headcount to be down 10% by the end of the current …

fortune.com

5%
OFF

Meta To Slash 5% Of Workforce In Performance-Based Layoffs

2 weeks from now

Meta CEO Mark Zuckerberg said in a note to employees Wednesday, seen by Bloomberg, that the company plans to cut approximately 5% of its workforce via performance-based …

adweek.com

5%
OFF

Meta Layoffs: Mark Zuckerberg Announces 5% Job Cuts At …

2 weeks from now

Meta announced plans to lay off approximately 3,600 employees, or 5% of its workforce, as part of CEO Mark Zuckerberg's push to "raise the bar on performance management" at the social …

msn.com

5%
OFF

Meta To Lay Off 5% Of Employees For Poor Performance - The …

2 weeks from now

1 day ago · These developments follow a series of layoffs in March 2023, when Meta let go of 10,000 employees, part of Zuckerberg's push for the company’s "year of efficiency." Read the …

tribune.com.pk

5%
OFF

Zuckerberg Targets Underperformers In Meta’s Latest Job Cuts

2 weeks from now

1 day ago · 😲 Meta plans to lay off 5% of its workforce, potentially impacting 3,600 employees, to address underperformance. The company will notify U.S.-based workers affected by the cuts …

blocknews.com

5%
OFF

Meta To Lay Off 5% Of Employees Following Performance Reviews

2 weeks from now

13 hours ago · Meta is preparing to lay off 5% of its underperforming employees, Techjuice confirmed Tuesday.. According to an internal memo, Mark Zuckerberg instructed Meta …

techjuice.pk

5%
OFF

Bloomberg Reports That Meta Will Lay Off 5% Of Staff - KOB.com

2 weeks from now

7 hours ago · News reports say that social media company Meta Platforms is planning to cut 5% of total staff this year by terminating staff based on performance and hiring new workers to …

kob.com

5%
OFF

Meta Memo Tells Managers How Performance-Based Job Cuts …

2 weeks from now

1 day ago · Meta plans to cut 5% of low-performing employees. The cuts are part of a strategy to improve performance. Meta aims for 10% "non-regrettable attrition," combining last year's and …

businessinsider.com

5%
OFF

Bloomberg Reports That Meta Will Lay Off 5% Of Staff

2 weeks from now

5 hours ago · News reports say that social media company Meta Platforms is planning to cut 5% of total staff this year by terminating staff based on performance and hiring new workers to …

kstp.com

5%
OFF

Meta To Lay Off 5% Of Workforce Amid AI Investments - MSN

2 weeks from now

According to the memo, affected US employees will be notified on 10 February, with international notifications to follow later. The layoffs will target staff eligible for performance reviews.

msn.com

5%
OFF

ShareChat To Trim Workforce Based On Annual Performance Review

2 weeks from now

9 hours ago · ShareChat's decision to lay off workers after its annual appraisal mirrors Facebook's plans of trimming up to 5% of its employees based on performance ratings, as per reports. …

yourstory.com

5%
OFF

ShareChat To Lay Off 5% Of Its Workforce Despite ... - Times Now

2 weeks from now

8 hours ago · ShareChat plans to lay off 5 per cent of its workforce following annual performance reviews. Despite past cost-cutting measures, the company emphasizes this move aligns with …

timesnownews.com

FAQs about Meta to Cut 5% of Its Workers in New Round of Layoffs Coupon?

Is meta laying off 5% of its workforce?

Meta Platforms is set to lay off approximately 5% of its workforce, targeting low performers, while planning to recruit for the affected roles within the year, reported Bloomberg. By September 2024, Meta's workforce stood at approximately 72,000 employees, meaning a 5% cut could impact around 3,600 positions. ...

How will a 5% cut affect meta's workforce?

By September 2024, Meta's workforce stood at approximately 72,000 employees, meaning a 5% cut could impact around 3,600 positions. In a note, Meta CEO Mark Zuckerberg said: “I have decided to raise the bar on performance management and move out low-performers faster. ...

Is meta sacking low-performing employees?

Now, Meta is reportedly planning to lay off some of its low-performing employees. The news comes via Bloomberg, which reported seeing an internal memo shared by a source at Meta. The memo, internally shared by Mark Zuckerberg, mentions the company’s plan to sack low-performing employees this year. ...

How many employees does meta have?

According to its most recent figures, Meta has more than 72,500 employees, so the 5% figure represents at least 3,625 people. "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," Zuckerberg wrote in the memo. ...

When does meta's performance review cycle end?

“We typically manage out people who are not meeting expectations over the course of a year,” he said, “but now we are going to do more extensive performance-based cuts during this cycle.” Meta's performance review cycle is anticipated to conclude in February 2025, according to an anonymous source familiar with the company's internal processes. ...

How many people has meta laid off in 2023?

Meta has laid off more than 21,000 people since November 2022, with 10,000 cuts taking place in 2023, which Zuckerberg defined as the company's "year of efficiency." Create your free account to leave a comment. Join thousands of tech enthusiasts and participate. ...