• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Stock

Meta announces 5% cuts in preparation for ‘intense year.’ Read the internal memo.

by January 15, 2025
written by January 15, 2025

Meta is set to cut about 5% of its workforce, focusing on the company’s lowest-performing staffers, CNBC confirmed Tuesday.

CEO Mark Zuckerberg informed employees about the decision to “move out low performers faster” in a memo posted on the company’s internal Workplace forum on Tuesday. Zuckerberg told employees 2025 will “be an intense year.”

The company specified that it is “exiting approximately 5% of our lowest performers” in a separate message posted by a company director. Meta has more than 72,000 employees, according to its most recent quarterly report.

Meta said employees affected by the layoffs will be notified by Feb. 10 and receive severance in line with what the company has provided previously. The cuts represent Meta’s largest layoffs since it eliminated 21,000 jobs, or nearly a quarter of its workforce, in 2022 and 2023.

Bloomberg was first to report the cuts, citing an internal memo.

The move follows several major operational changes within Meta aimed at building closer ties with President-elect Donald Trump.

Last week, Zuckerberg announced Meta would end its third-party fact-checking program in favor of a “Community Notes” model used on Elon Musk’s platform X, where individual users provide more context to posts.

“The recent elections also feel like a cultural tipping point towards once again prioritizing speech, so we’re going to get back to our roots and focus on reducing mistakes, simplifying our polices and restoring free expression on our platforms,” Zuckerberg said in a video announcement.

Below is Zuckeberg’s internal memo, which CNBC obtained.

Meta is working on building some of the most important technologies of the world. AI, glasses as the next computing platform and the future of social media. This is going to be an intense year, and I want to make sure we have the best people on our teams.

I’ve decided to raise the bar on performance management and move out low performers faster. 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, with the intention of back filling these roles in 2025. We won’t manage out everyone who didn’t meet expectations for the last period if we’re optimistic about their future performance, and for those we do let go, we’ll provide generous severance in line with what we provided with previous cuts.

We’ll follow up with more guidance for managers ahead of calibrations. People who are impacted will be notified on February 10 or later for those outside the U.S.

This post appeared first on NBC NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
John Ratcliffe says US faces ‘most challenging security environment’ ever in confirmation hearing
next post
User’s Manual: Why some Trump nominees could be confirmed with a voice vote – and why some could not

related articles

Krispy Kreme stock plunges after doughnut chain pauses...

May 8, 2025

UnitedHealthcare sued by shareholders over reaction to CEO’s...

May 8, 2025

NBA star Russell Westbrook launches AI-enabled funeral planning...

May 7, 2025

AMD CEO calls China a ‘large opportunity’ and...

May 7, 2025

Judge allows lawsuit over Burger King’s Whopper ads...

May 7, 2025

Amazon’s Zoox robotaxi unit issues software recall after...

May 6, 2025

Rite Aid files for second bankruptcy in two...

May 6, 2025

Skechers to be acquired by 3G Capital in...

May 6, 2025

Temu halts shipping direct from China as de...

May 4, 2025

Jeff Bezos discloses plan to sell up to...

May 3, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Meta layoffs: workers challenge Zuckerberg’s ‘low performer’ justification

    February 12, 2025
  • Republican Kevin Hern profits from UNH stock while overseeing Medicare policy

    July 17, 2024
  • Hong Kong tests its own ChatGPT-style AI tool amid OpenAI access restrictions

    July 18, 2024
  • Dem lawmaker reintroduces death row appeals bill allowing for introduction of newly discovered evidence

    October 10, 2024
  • AUDUSD and AUDNZD: AUDUSD has a chance to start a recovery

    July 26, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (4,433)
  • Investing (593)
  • Stock (735)

Latest Posts

  • Who’s a good boy? JD Vance’s family pooch makes campaign trail debut

    August 16, 2024
  • Crude oil prices surge for fifth consecutive day, exceeding $77 amid Pentagon’s Middle East deployment

    August 12, 2024
  • Ukraine’s Zelenskyy says Trump lives in ‘disinformation space’ amid rift on Russia talks

    February 19, 2025

Recent Posts

  • Rite Aid files for second bankruptcy in two years

    May 6, 2025
  • Defunding DEI: Here’s how the Trump administration has undone Biden’s very prized programs

    April 27, 2025
  • SafeMoon continues to move under moving average pressure

    August 8, 2024

Editor’s Pick

  • With 26 days until voting starts, ‘election season’ kicks off sooner than you think

    August 11, 2024
  • Macy’s turnaround hinges on revamping some stores and closing others. It appears to be working.

    March 7, 2025
  • FLASHBACK: Trump seeks to expand fertility coverage, after Tim Walz once accused him of being ‘anti-IVF’

    February 19, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms and Conditions
  • Email Whitelisting

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock