- Meta will cut about 5% of its workforce, impacting around 3,600 employees, through performance-based terminations.
- Employees affected by the layoffs will be notified by February 10, 2025.
Meta is set to reduce its workforce by approximately 5%, equating to around 3,600 employees, through performance-based terminations, according to a report by Bloomberg on Tuesday. The move aligns with CEO Mark Zuckerberg’s vision to raise performance standards within the company.
“I’ve decided to raise the bar on performance management and move out low-performers faster,” Zuckerberg shared in an internal memo.
“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.”
While the layoffs aim to remove underperforming staff, Zuckerberg emphasized that the company plans to hire new talent to fill these roles. This approach reflects Meta’s ongoing commitment to maintaining operational efficiency and fostering a high-performance culture.
As of September, Meta employed approximately 72,000 individuals, meaning the 5% reduction will impact a significant portion of its workforce. Employees affected by this decision are expected to receive notifications by February 10, 2025.
This announcement follows a trend of workforce reductions at Meta over the past few years. The company executed significant layoffs in October 2024, eliminated 10,000 roles in 2023, and reduced its workforce by 11,000 employees in 2022. These measures highlight Meta’s strategic efforts to streamline operations and adapt to changing market dynamics.
Edited by Harshajit Sarmah
