Meta to Lay Off 5% of Employees
Meta plans to cut 5% of its workforce, focusing on low performers. CEO Mark Zuckerberg shared that the company will raise the bar on performance management, with extensive cuts expected during the upcoming performance review cycle.
Performance Reviews and Cuts
Meta employees will undergo a rigorous review process, including self-reviews, peer reviews, and manager assessments. Employees who do not meet performance expectations will be notified by February 10, 2025, and will receive severance packages.
Expected Timeline for Cuts:
| Event | Date |
|---|---|
| Start of Performance Reviews | January 2025 |
| Notifications for U.S. Cuts | February 10, 2025 |
| Severance Package Details | Same as prior layoffs |
Restructuring DEI Prog Diversity, Equity, and Inclusion (DEI) rams
Meta is dismantling its Diversity, Equity, and Inclusion (DEI) team and eliminating diversity-focused programs in hiring. The term “DEI” has become controversial, according to Meta’s VP of HR, Janelle Gale.
Efficiency Push Continues
This move aligns with Meta’s ongoing strategy for greater efficiency, following a significant round of layoffs in 2023. CEO Mark Zuckerberg continues to push for a “year of efficiency.”
Changes in Content Moderation
Meta is revising its content moderation policies, removing third-party fact-checkers in favor of a community notes model, similar to X (formerly Twitter). This shift is part of Meta’s broader restructuring.
Future Focus on Innovation
Meta aims to build next-gen technologies like AI and augmented reality glasses. The company is focused on ensuring high-performing teams to drive these innovations forward.
Conclusion
Meta’s restructuring aims to streamline operations, improve efficiency, and ensure the company stays at the forefront of technological advancements. The focus will be on retaining top talent to meet future goals.
