Meta carrying out performance-based layoffs starting Monday, cutting 5% of staff
Meta, the parent company of Facebook, will conduct 'performance terminations' this week and cut roughly 5% of its staff.
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Meta layoffs begin targeting low performers. Roughly 5% of workforce to be replaced with new hires.
Social media company Meta Platforms has begun efforts to reduce its current staff by 5% and start fresh with new workers.
Meta Unleashes Mass Layoffs
The company, which owns Facebook, is letting go of thousands of workers as it prepares to hire a round of machine learning engineers this year.
Meta lays off 'lowest performing staff'
The company confirmed last month it was planning to trim about 5% of its "lowest performers", the Friday memo referred to the ...