Meta carrying out performance-based layoffs starting Monday, cutting 5% of staff
- Meta has started laying off nearly 4,000 employees, which is about 5% of its workforce, as part of CEO Mark Zuckerberg's efficiency push and AI investment.
- Affected employees in the US, Europe, and Asia began receiving notifications, according to an internal memo obtained by Business Insider.
- Zuckerberg stated that the layoffs are strictly performance-based, aiming to raise the bar on performance management.
- Employees have expressed concerns about a culture of fear and uncertainty, with some comparing the work environment to a George Orwell novel.
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Total News Sources61
Leaning Left10Leaning Right8Center8Last UpdatedBias Distribution38% Left
Bias Distribution
- 38% of the sources lean Left
38% Left
L 38%
C 31%
R 31%
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