Meta plans to slash workforce by 3,600 over ratings

PEOPLES GAZETTE

The tech giant Meta has announced a plan to slash its workforce by five per cent in its latest round of performance-based layoffs.

Meta CEO Mark Zuckerberg announced this in an internal memo sighted by Bloomberg on Wednesday.

Mr Zuckerberg confirmed that the layoff may affect no fewer than 3600 positions, stating vacant roles would be backfilled afterwards.

“I’ve decided to raise the bar on performance management and move out low-performers faster,” Mr Zuckerberg said in his note. “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.”

Mr Zuckerberg said only those with Meta long enough to be eligible for performance reviews would be affected. The performance-based cuts are meant to attract the “strongest talents” who can meet the expanding expectations of the company.