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Just Earth News | @justearthnews | 14 Jan 2025
Meta to slash five percent jobs globally. Photo Courtesy: Unsplash
Meta, the owner of popular social media platforms Facebook, Instagram and WhatsApp, is preparing to slash 5 percent of the global workforce, media reports said on Wednesday.
The company is reportedly focusing on removing the lowest-performing workers.
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, reported CNBC.
The tech- entrepreneur informed his employees that 2025 will “be an intense year.”
According to reports, the company employs around 72,000 people across the globe.
The tech firm, however, did not say how the cuts would be distributed around the world.
Meta said employees affected by the layoffs will be notified by February 10 and receive severance in line with what the company has provided previously, reported CNBC.
This is the largest job cut that Meta will execute ever since it removed 21,000 jobs in 2022 and 2023.
Meta announced the decision to slash jobs just days after Zuckerberg decided to end the company's fact-checking and diversity programmes.