Meta plans to lay off about 5% of its workforce in 2024, targeting underperforming employees to boost performance.

In 2024, Meta plans to lay off about 5% of its workforce, targeting underperforming employees. CEO Mark Zuckerberg aims to boost company performance by dismissing staff who do not meet standards, with plans to refill these roles later. This follows an earlier round of cuts and is expected to result in a total 10% reduction of low-performing employees by year-end. Affected employees will receive generous severance packages.

2 months ago
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