Insiders Advisor
  • Stocks
  • World News
  • Business
  • Politics
  • Stocks
  • World News
  • Business
  • Politics

Insiders Advisor

Business

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

by January 15, 2025
January 15, 2025
Meta announces 5% cuts in preparation for ‘intense year.’ Read the internal memo.

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
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 Posts

Macy’s CEO says retailer will hike some prices...

May 28, 2025

Digital health companies pummeled by Wall Street in...

December 26, 2024

Companies are slashing prices to woo consumers. It’s...

July 28, 2024

Tesla denies report it’s looking to replace Elon...

May 2, 2025

New Orleans prepares for Super Bowl 59, its...

February 7, 2025

Walmart-backed fintech One introduces buy now, pay later...

April 25, 2024

McDonald’s Snack Wrap is officially returning. Here’s when.

June 4, 2025

FTC bans fake online reviews, inflated social media...

August 15, 2024

Mike Tyson, Jake Paul fight was the most...

November 20, 2024

Amazon set to pass Walmart in revenue for...

February 6, 2025

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Latest News

    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 6, 2025
    • ‘Gone too far’: GOP lawmakers rally around Trump after Musk raises Epstein allegations

      June 6, 2025
    • Democrats begin to embrace Musk amid Trump spat after party railed against him as a ‘dictator’

      June 6, 2025
    • Trump administration defends US and Israeli sovereignty with new sanctions against four ICC judges

      June 5, 2025
    • Musk unleashes wild Epstein claim against Trump after being booted from DOGE

      June 5, 2025
    • Biden only hand-signed one pardon during final spree, and it was his most controversial one

      June 5, 2025

    Categories

    • Business (1,252)
    • Politics (5,869)
    • Stocks (904)
    • World News (457)
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: insidersadvisor.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 © 2024 insidersadvisor.com | All Rights Reserved