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Mark Zuckerberg plans to cut 5% of Meta staff again

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According to the sources, Mark Zuckerberg is planning to cut 5% of Meta’s less-performing staff. According to September data, Meta currently has 72,000 employees, so almost 3,600 would be impacted.

The reason behind this decision is not cost reduction, Mark Zuckerberg has said that he will change the standard of performance measurement at Meta.

According to the internal memo sent to Meta employees, Mark said “I’ve decided to raise the bar on performance management and move out low-performers faster”. He is going to replace nearly 3,600 employees and those who are affected will be informed before February 10.

Only those staff will be impacted who have been at Meta for so long now and eligible for performance review.

In 2022 after COVID-19 Meta laid off nearly 11,000 employees and in 2023 around 10,000 employees were laid off now a 5% cut in Meta staff before Feb raises a big question Meta the job at Meta provide you with job security or not?

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