Images of Meta and Mark Zuckerberg
Images of Meta and Mark Zuckerberg | Meta to Cut 5% of Workforce Amid Restructuring Efforts | Image Credit: Flickr.com

Meta has recently announced that it will prune close to about 5% of its workforce across the globe- focusing on the underperformers, as per the company’s announcement is the holding company of Facebook, Instagram, and WhatsApp. The layoff was combined with the assurance by Mark Zuckerberg, its CEO, that the company is going to prepare for what he has termed as an intense year in 2025.

In a memo posted to the company’s internal Workplace forum, Zuckerberg said the company needed to “move out low performers faster.” Those 3,600 employees expected to be affected will be told by February 10 and laid off with the same severance packages as those provided in past layoffs.

READ ALSO  Madoff Victim Fund Distributes Final Payments to Fraud Victims

Thus big cuts are the ones Meta hasn’t enacted yet since it had to reduce its workforce to almost 20,000 jobs in the years 2022 and 2023 within a year Zuckerberg called the “year of efficiency”. At the same time, he claimed that whoever the remaining workers would be, his company would attempt even to replace such positions by 2025.

The word comes with a dynamic state within Meta. Last week, the company announced it would cancel its third-party fact-checking program and adopt a Community Notes system potentially similar to that of Elon Musk’s X. They are going to implement their content moderation policies of renewed free expression.

READ ALSO  Experts Highlight Role of Internet and AI at Margalla Dialogue

This decision might cause much word-of-mouth talk in the company’s corridors on the direction because he made remarks about creating a balance of “masculine and feminine energy” in the culture. Despite the bad publicity, Meta continues to focus more on progressing technologies, such as artificial intelligence and augmented reality, without any distraction.

Although the layoffs cut through the cost-cutting mechanisms, they give an impression of greater strategies by realigning people to the overall shift in requirements within the modern technology industry at Meta. However, Meta seeks to be a leading innovator with a global labor force of around 72,000. These difficult adjustments apply outside the US, and news regarding the respective employees will surface at a future date, writes the memo.

READ ALSO  Meghan Markle Takes CEO Role at American Riviera Orchard

To Read More: Business

By Haider Shah

Haider Shah is a highly experienced content writer with 6 years of experience, covering business, finance, and tech-related news. He can produce factual, well-researched articles suitable for professional readers.

Leave a Reply

Your email address will not be published. Required fields are marked *