Meta will soon lay off more “low-performers” across the company, according to an internal memo from CEO Mark Zuckerberg that was shared by a source at the company.
“I’ve decided to raise the bar on performance management and move out low-performers faster,” Zuckerberg says in the memo, which you can read in full below. “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 — with the intention of backfilling these roles in 2025.”
While the exact number of job cuts is unclear, managers at Meta have been told that about 5 percent of employees will be let go starting February 10th. Bloomberg first reported on Zuckerberg’s memo and the planned layoffs. Meta last laid off employees in October after cutting 21,000 workers between 2022 and 2023.
Here’s Zuckerberg’s full memo to employees:
Meta is working on building some of the most important technologies in the world — Al, glasses as the next computing platform, and the future of social media. This is going to be an intense year, and I want to make sure we have the best people on our teams.
I’ve decided to raise the…
Read the full story at The Verge.