Fri. Feb 7th, 2025
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Meta Platforms Inc., the parent company of Facebook and Instagram, is set to reduce its workforce by approximately 5%, impacting around 3,600 employees.

The move which was reported by Bloomberg, was outlined in a memo from CEO Mark Zuckerberg, with emphasis on performance-based evaluations.

“I’ve decided to raise the bar on performance management and move out low-performers faster,” Zuckerberg said in the memo. Previously, Meta allowed underperforming employees a year for improvement, but the new strategy involves more extensive performance-based cuts in this cycle.

Meanwhile the affected employees will be notified by February 10, as the company looks to replace them with new hires.

This announcement follows a series of layoffs at Meta in recent years. In 2023, the company cut 10,000 jobs, and in 2022, it laid off 11,000 employees. As of September 2024, Meta employed approximately 72,000 people globally.

Some industry analysts suggest the changes are part of Meta’s broader efforts to streamline operations and enhance efficiency.

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