Meta layoffs to begin as company moves to cut 5 percent of workforce
Share and Follow


(KRON) — Previously announced layoffs for Facebook parent company Meta are set to begin Monday. Last month, Meta CEO Mark Zuckerberg announced plans to trim the company’s workforce by 5 percent.

The layoffs, according to Zuckerberg, would target “low-performers.” The layoffs will amount to roughly 3,600 people losing their jobs, according to a Bloomberg report.

“I’ve decided to raise the bar on performance management and move out low-performers faster,” said Zuckerberg in an internal memo cited by Bloomberg. “We typically manage out people who aren’t meeting expectations over the course of the year, but now we’re going to do more extensive performance-based cuts during this cycle.”

Layoff notices for U.S.-based Meta employees are expected to start going out Monday. Workers in other countries, according to Bloomberg, will be informed at a later date.

Zuckerberg reportedly told staff that employees who lose their jobs will receive “generous severance” in line with past job cuts.

The Meta layoffs are the latest in an ongoing wave of Bay Area tech layoffs. Already this year, Salesforce, Workday, and Cruise have announced significant job cuts.

Share and Follow
You May Also Like
Texas flooding: Around 70 wildlife critters rescued after storms

Rescue of Approximately 70 Wildlife Animals After Texas Flooding

AUSTIN (KXAN)– Austin Wildlife Rescue said it has rescued around 70 animals…
Borussia Dortmund manager Niko Kovac rails against MetLife Stadium grass

Niko Kovac, Borussia Dortmund manager, criticizes the quality of the grass at MetLife Stadium

The complaints about the MetLife Stadium field are unrelenting. Borussia Dortmund, the…
Shannon Beador pulled over by cops nearly 2 years after DUI

Shannon Beador Pulled Over by Police Almost 2 Years Following DUI Arrest

Shannon Beador was pulled over and cited by police almost two years…
Denise Richards' husband Aaron Phypers 'files for divorce'

Aaron Phypers initiates divorce proceedings with Denise Richards

Denise Richards’s husband Aaron Phypers has filed for divorce after six years…
Jeffrey Epstein died by suicide, did not have client list: DOJ memo

Jeffrey Epstein died by suicide, did not have client list: DOJ memo

NEWYou can now listen to Fox News articles! This story discusses suicide.…
Former Pink Floyd member Roger Waters faces possible prosecution after supporting banned Palestine Action

Former Pink Floyd member Roger Waters faces possible prosecution after supporting banned Palestine Action

NEWYou can now listen to Fox News articles! Former Pink Floyd songwriter…
Trump hosts Israeli PM Netanyahu at White House for high-level meetings, private dinner

President Trump meets with Israeli Prime Minister Netanyahu at the White House for important discussions and a private meal

President Trump welcomed Israeli Prime Minister Benjamin Netanyahu to the White House…
'Ghost guns' potentially coming back despite ruling: Reports

Reports say that ‘ghost guns’ may make a return despite a previous ruling.

() “Ghost guns” could potentially become a thorn in the side of…