Meta to Cut 5% of Workforce in Performance-Based Layoffs

CEO Mark Zuckerberg announces plans to remove underperforming employees as part of a broader strategy to streamline operations and focus on high-performing teams.

• Meta will eliminate approximately 5% of its global workforce, equivalent to over 4,000 employees, based on performance evaluations.
• The layoffs will begin in February, with U.S. employees being notified first, followed by international staff.
• The move reflects a shift in Meta's management strategy, emphasizing lean, high-performing teams similar to Amazon's 'unregretted attrition' model.
• Other tech giants like Microsoft are also implementing performance-based cuts, signaling a broader trend in the tech industry.
• This marks a departure from Silicon Valley's traditional approach of retaining talent to avoid bolstering competitors.

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