
Meta Platforms Inc. is planning to eliminate approximately 5% of its workforce through performance-based reductions, impacting about 3,600 jobs. This move comes as part of the company’s strategy to streamline operations and enhance performance management, according to an internal memo reviewed by Bloomberg News.
As of September, Meta employed around 72,000 people. CEO Mark Zuckerberg stated in the memo that the company aims to accelerate its performance management process, focusing on employees who are not meeting expectations. “I’ve decided to raise the bar on performance management and move out low-performers faster,” Zuckerberg noted. The company typically manages such changes over a year, but now intends to execute them more comprehensively during this cycle.
In a separate message to managers, Meta revealed plans to reach 10% “non-regrettable” attrition by the end of the current performance cycle. This includes roughly 5% of such attrition from last year. “This means we are aiming to exit approximately another 5% of our current employees who have been with the company long enough to receive a performance rating,” the message stated.
This announcement follows Meta’s 2023 declaration as the “year of efficiency,” which saw the elimination of 10,000 positions. Despite the current reductions, Zuckerberg emphasized that the roles would be refilled in 2025 as Meta positions itself for a significant year centered on artificial intelligence, smart glasses, and advancements in social media.
The performance-based cuts are part of Meta’s broader efforts to maintain competitiveness and drive innovation in an increasingly dynamic tech landscape.