Meta plans to lay off employees based on performance ratings
Meta plans to lay off up to 5 percent of its employees based on performance ratings, according to an internal memo to workers that was viewed by The New York Times.
“I’ve decided to raise the bar on performance management and move out low-performers faster,” Mark Zuckerberg, in photo above, chief executive of Meta, said in the memo. “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.”
According to the NY Times, Zuckerberg’s memo stated that “workers whose roles were cut would be replaced by new hires in 2025.
“The layoffs came days after Meta announced sweeping changes to its content moderation policies. The company, which owns Facebook, Instagram, WhatsApp and Threads, said it would no longer police certain types of hate speech, including allowing users of its apps to suggest that L.G.B.T.Q. identities are rooted in mental illness.”
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