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Meta to fire 3,600 staff; low performers moved out: CEO
Hindustan Times Amritsar
|January 16, 2025
Meta plans to dismiss approximately 3,600 employees identified as low performers and replace them with new hires, according to an internal memo reported by Bloomberg on Tuesday.
SAN FRANCISCO:
The company, which owns Facebook, Instagram and WhatsApp, confirmed to AFP that CEO Mark Zuckerberg's decision will affect five percent of its workforce.
Meta had approximately 72,400 employees as of September. "I've decided to raise the bar on performance management and move out low performers faster," Zuckerberg said. The CEO said the performance-based cuts are intended to ensure that the company has the "strongest talent" and is able to "bring new people in."
Performance-based dismissals are a common practice among major US corporations. Microsoft announced similar cuts last week affecting less than one percent of its workforce, Business Insider reported.
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