This Monday, February 10, Meta, Mark Zuckerberg’s company, began its latest round of layoffs. The cuts, which were announced last month, will affect 5 percent of the company’s workforce in all countries where it operates.
The company notified the affected employees starting at 5:00 AM today through a memo sent by the Chief People Officer, Janelle Gale. Notifications will be made over several days across different regions, with the United States headquarters being the first.
How many employees will Meta lay off?
The company plans to lay off more than 3,600 workers.
Why is Mark Zuckerberg laying off employees?
According to a memo shared in January by Mark Zuckerberg, CEO of Meta, the company is developing some of the most advanced technologies in the world, such as artificial intelligence. For this reason, Zuckerberg decided to optimize performance management and streamline the process of firing underperforming employees to build the most talented team.
“Normally, we lay off people who don’t meet expectations over the course of a year, but now we’re going to make broader cuts based on performance during this cycle, with the intention of filling those positions in 2025,” he said in the memo.
Meta’s CEO stated that not all employees who fell short of expectations during the last period will be let go, as long as the company believes they have the potential to improve their performance in the future.
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While these layoffs are taking place, the compay is also promoting specific hiring initiatives. According to Peng Fan, Vice President of Engineering for Monetization, the accelerated hiring process is aimed at machine learning engineers and other engineering roles critical to the company.
In an internal memo, he outlined that this process is scheduled to take place between February 11 and March 13 this year.
In which countries will Meta’s workforce be reduced?
The layoffs will affect not only the United States and its American offices but also employees in parts of Europe, Asia, and Africa, who will be notified over the next few weeks.
However, staff in Germany, France, Italy, and the Netherlands will not be part of this round of cuts due to current local regulations.
How many employees does Meta have?
According to its latest quarterly report, the company currently has over 72,000 employees.
What will happen to the employees who are laid off at Meta?
Mark Zuckerberg assured that the employees affected by the layoffs will receive significant severance, following the terms the company has previously set.
What is Meta?
Meta brings the company’s apps and technologies (Facebook, Instagram, WhatsApp) under a single corporate brand. Its goal is to make the metaverse a reality and facilitate connection between people, community-building, and business growth.
What is a Meta account on Facebook?
Meta’s business account is the centralized place to manage your Facebook pages, Instagram profiles, ad accounts, and other business assets. It also allows you to manage user permissions.
What is Meta AI WhatsApp?
Meta AI and other characters on WhatsApp are optional Meta services available to answer your questions, teach you something new, or help you generate ideas. You can choose to chat with Meta AI or select from other characters, each with their own personalities and interests.
What happens if I delete my Meta account?
By deleting your Meta account, you will lose access to the Meta Quest device, as well as downloaded apps, in-app purchases, and created content. Deleting your account’s data may take up to 90 days.
