Meta Platforms is set to trim approximately 5% of its workforce, focusing on “lowest performers,” while planning to rehire for these impacted roles later this year, according to Reuters. CEO Mark Zuckerberg has emphasized the move as part of Meta’s ongoing efforts to “raise the bar” on performance management.
This development aligns with Meta’s broader restructuring efforts that began in 2022, which included 11,000 job cuts. Last year, Zuckerberg dubbed 2023 the “Year of Efficiency,” further solidifying the company’s focus on streamlining operations. As of September 30, Meta employed over 72,000 people, highlighting the significant scale of this decision.
Meta, like other tech giants such as Cisco and IBM, is redirecting investments into artificial intelligence technologies. The company has invested billions in AI infrastructure, with expenses expected to rise further this year. Despite the layoffs, this shift underscores Meta’s commitment to staying at the forefront of technological innovation.
Notably, Meta recently made headlines for scrapping its U.S. fact-checking program and relaxing restrictions on contentious discussions about immigration and gender identity, amid mounting conservative pressure.
While Meta’s decision to cut jobs may seem harsh, it reflects the competitive realities of the tech industry, where companies must continually adapt to stay ahead. However, the promise to rehire for affected roles indicates a strategy aimed at re-aligning talent rather than downsizing indiscriminately. Balancing efficiency with employee morale will be critical as Meta navigates this transition.
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