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Meta to Lay Off 5% of Employees in Latest Job Cut Round


Meta, the parent company of Facebook, is planning to lay off up to 5 percent of its employees based on performance ratings. In an internal memo viewed by The New York Times, CEO Mark Zuckerberg stated that the company plans to raise the bar on performance management and move out low performers faster than before, with the layoffs resulting in new hires in 2025. This decision comes after Meta announced changes to its content moderation policies, including no longer policing certain hate speech and promoting political news in the Newsfeed.

The layoffs have sparked concerns among employees, with questions raised about whether specific groups like the L.G.B.T.Q. community or people of color would be targeted. These concerns were amplified after Zuckerberg’s comments about terminating diversity, equity, and inclusion programs and promoting “masculine energy” within the company.

In a memo to managers, Meta stated that the cuts were necessary to ensure the company had the “strongest talent” and that those laid off would receive generous severance packages. The company declined to comment on the layoffs, which were initially reported by Bloomberg.

This story is still developing, with updates expected. Stay tuned for more information on the ongoing changes within Meta.

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