Meta is preparing for further job cuts, Bloomberg reports. CEO Mark Zuckerberg said in an internal memo that the company plans to cut about 5% of its “underperforming companies.”
“We’ve decided to raise the bar on performance management and fire poor performers faster,” Zuckerberg said in the memo. “We typically manage people who don’t meet expectations over a year, but this time we plan to make broader performance-based reductions during this cycle.”
Overall, taking into account the attrition, Meta’s headcount could decrease by 10%. Bloomberg suggested that future pink dossiers will focus on people who “have been with the company long enough to qualify for performance reviews.”
Between increased layoffs and attrition, nearly 7,000 Meta staff could leave the company in the near future. This follows mass shootings that began in late 2022 and ultimately affected more than 20,000 workers. The company also laid off 60 technology program managers earlier this month.
In 2024, Zuckerberg said, “Lean organizations will execute on their top priorities faster. People will be more productive and work will be more enjoyable and fulfilling.” There is nothing more “fun and fulfilling” than living in constant fear of being fired.
The meta has had an unusual year so far. It’s only mid-January, but Zack has already finished third-party fact-checking across the Meta platform, appointed UFC CEO Dana White to Meta’s board of directors, and headed to Mar-a-Lago to bend the knee. Traveled. The company also changed its “hateful content” policy to make it safer for homophobes, and it was revealed that Instagram was shadowbanning common LGBTQ hashtags.
