Meta carrying out performance-based layoffs starting Monday, cutting 5% of staff

Category: Business

Meta plans to implement performance terminations, cutting approximately 5% of its workforce and replacing them with machine learning engineers. Layoff notices will be sent to underperforming employees in various countries, excluding Germany, France, Italy, and the Netherlands due to local regulations. CEO Mark Zuckerberg emphasized the need for stronger talent as the company focuses on artificial intelligence and other future technologies. The hiring process for replacements will begin soon and is expected to last until mid-March.

Keywords: Meta, layoffs, machine learning

Source: USA TODAY

Update At: 2/11/2025

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