Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Business

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

by admin January 16, 2025
January 16, 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

0
FacebookTwitterGoogle +Pinterest
previous post
There’s been a ‘meaningful shift’ in CEO confidence since Trump’s election, says Goldman’s Solomon
next post
SAGA Metals Provides In-Depth Summary of Radar Titanium-Vanadium Project on Eve of Drilling

Related Posts

Biden administration seeks to avoid default crisis for...

January 17, 2025

Target stock falls 21% as big discounting effort...

November 21, 2024

Hims & Hers Health says it will offer...

May 23, 2024

Barbie, Monopoly toymakers see bright holiday season despite...

October 29, 2025

A lack of child care is keeping this...

July 9, 2024

The first Fed interest rate cut in years...

July 31, 2024

FCC is investigating Disney and ABC for DEI...

March 29, 2025

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

May 3, 2025

Kraft Heinz to split into two companies

September 3, 2025

Disney tops quarterly profit estimates, but starts to...

February 6, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • Trump stuns with call to resume nuclear tests — why now, and what it could mean

      November 1, 2025
    • Senate talks show signs of progress as government shutdown grinds into 2nd month

      November 1, 2025
    • Johnson raises shutdown stakes on Schumer as food stamp deadline, Obamacare cliff loom

      November 1, 2025
    • Bombshell report shows foreign charities dumped billions into US political advocacy groups, ‘erode democracy’

      November 1, 2025
    • Trump and Xi skip Taiwan talk despite years of war preparations

      November 1, 2025

    Categories

    • Business (1,126)
    • Investing (3,387)
    • Politics (4,129)
    • Stocks (1,155)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.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 © 2025 sportinvestorsleague.com | All Rights Reserved