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Meta Layoffs: Mark Zuckerberg said, “I’ve decided to raise the bar on performance management and move out low-performers faster.”
Meta CEO Mark Zuckerberg (AP Image)
Meta plans to dismiss approximately 3,600 employees identified as low performers and replace them with new hires, Bloomberg reported citing an internal memo of the company which owns Facebook, Instagram and WhatsApp. The decision has been taken by Meta CEO Mark Zuckerberg and will impact almost five percent of the company’s workforce. Meta had approximately 72,400 employees as of September.
Mark Zuckerberg said, “I’ve decided to raise the bar on performance management and move out low-performers faster.” Performance-based cuts are intended to ensure that the company has the “strongest talent” and is able to “bring new people in”, he said.
Such dismissals are a common practice among major US corporations and come after Microsoft reportedly announced similar cuts last week affecting less than one percent of its workforce.
- Location :
Washington D.C., United States of America (USA)
