Meta CEO Mark Zuckerberg delivers a keynote speech during the annual Meta Connect event, at the company's headquarters in Menlo Park, California, US on September 25, 2024.
Manuel Orbegoso | Reuters
dead CNBC is set to cut about 5% of its workforce, focusing on the company's lowest-performing employees, CNBC confirmed Tuesday.
CEO Mark Zuckerberg He informed employees of the decision to “cut low performers faster” in a memo posted to the company's internal Workplace forum on Tuesday. Zuckerberg told his employees that 2025 will be an “intense year.”
The company specified that it was “graduating approximately 5% of our lowest-performing employees” in a separate letter posted by a company director. Meta has more than 72,000 employees, according to its most recent data Quarterly report.
Meta said that employees affected by the layoffs will be notified by February 10 and will receive severance pay in line with what the company previously provided. The cuts represent Meta's largest layoffs since it cut 21,000 jobs, or nearly a quarter of its workforce, in 2022 and 2023.
Bloomberg was the first to report the cuts, citing… Internal memo.
The move follows several major operational changes within Meta that aim to build closer relationships with the president-elect Donald Trump.
Zuckerberg last week Announce Meta will end its third-party validation program in favor of the “Community Feedback” model used in Elon MuskX platform, where individual users provide more context to posts.
“The recent election also appears to be a cultural turning point toward once again prioritizing expression, so we will go back to our roots and focus on reducing mistakes, simplifying our policies, and restoring freedom of expression on our platforms,” Zuckerberg said in a statement. Video ad.
Below is Zuckerberg's internal memo, obtained by CNBC.
Meta is building some of the most important technologies in the world. AI and glasses are 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.
You've decided to step up your performance management and get rid of low performers faster. We typically manage people who do not meet expectations over the course of a year, but now we will make more extensive cuts based on performance over this cycle, with the aim of refilling these roles in 2025. We take everyone who has not met expectations over the past period if we are optimistic about… Their future performance, and for those we let go, we will offer them a generous severance package in line with what we have offered in previous cuts.
We will follow up with further guidance for managers before calibration. Affected individuals will be notified on February 10 or later for those outside the United States
