The Trader Harbor
  • Business
  • Politics
  • World News
  • Stocks
  • Business
  • Politics
  • World News
  • Stocks

The Trader Harbor

World News

Meta announces 5% cuts in preparation for ‘intense year.’ Read the internal memo.

by admin January 16, 2025
January 16, 2025
Meta announces 5% cuts in preparation for ‘intense year.’ Read the internal memo.

Meta is set to cut about 5% of its workforce, focusing on the company’s lowest-performing staffers, CNBC confirmed Tuesday.

CEO Mark Zuckerberg informed employees about the decision to “move out low performers faster” in a memo posted on the company’s internal Workplace forum on Tuesday. Zuckerberg told employees 2025 will “be an intense year.”

The company specified that it is “exiting approximately 5% of our lowest performers” in a separate message posted by a company director. Meta has more than 72,000 employees, according to its most recent quarterly report.

Meta said employees affected by the layoffs will be notified by Feb. 10 and receive severance in line with what the company has provided previously. The cuts represent Meta’s largest layoffs since it eliminated 21,000 jobs, or nearly a quarter of its workforce, in 2022 and 2023.

Bloomberg was first to report the cuts, citing an internal memo.

The move follows several major operational changes within Meta aimed at building closer ties with President-elect Donald Trump.

Last week, Zuckerberg announced Meta would end its third-party fact-checking program in favor of a “Community Notes” model used on Elon Musk’s platform X, where individual users provide more context to posts.

“The recent elections also feel like a cultural tipping point towards once again prioritizing speech, so we’re going to get back to our roots and focus on reducing mistakes, simplifying our polices and restoring free expression on our platforms,” Zuckerberg said in a video announcement.

Below is Zuckeberg’s internal memo, which CNBC obtained.

Meta is working on building some of the most important technologies of the world. AI, glasses as the next computing platform and the future of social media. This is going to be an intense year, and I want to make sure we have the best people on our teams.

I’ve decided to raise the bar on performance management and move out low performers faster. We typically manage out people who aren’t meeting expectations over the course of a year, but now we’re going to do more extensive performance-based cuts during this cycle, with the intention of back filling these roles in 2025. We won’t manage out everyone who didn’t meet expectations for the last period if we’re optimistic about their future performance, and for those we do let go, we’ll provide generous severance in line with what we provided with previous cuts.

We’ll follow up with more guidance for managers ahead of calibrations. People who are impacted will be notified on February 10 or later for those outside the U.S.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
How to Find a BUY Signal Using The 1-2-3 Reversal Pattern
next post
Target says its holiday sales were better than expected — but its profits weren’t

Related Posts

Target, McDonald’s and others are offering value as...

May 24, 2024

Johnson & Johnson to pay $6.5 billion to...

May 7, 2024

As Trump eyes more tariffs, South Korea remains...

February 15, 2025

Fox streaming service to be called Fox One,...

May 13, 2025

Gold bars are selling like hot cakes in...

May 10, 2024

Delta cancels hundreds more flights as its recovery...

July 23, 2024

How Volvo landed a cheap Chinese EV on...

April 26, 2024

Walmart fined for shipping realistic toy guns to...

May 28, 2025

Trump Media stock erases all gains since it...

April 11, 2024

Nvidia to report earnings amid infrastructure spending, DeepSeek...

February 27, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Amazon taps Xbox co-founder to lead new team developing ‘breakthrough’ consumer products

      May 31, 2025
    • U.S. foreign tax bill sends jitters across Wall Street

      May 31, 2025
    • Larry Williams on the Fed, Interest Rates & Markets! What’s Next?

      May 31, 2025
    • Run Your Stock Portfolio Like a Pro Sports Team

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 31, 2025
    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

      May 31, 2025

    Categories

    • Business (1,220)
    • Politics (3,596)
    • Stocks (1,374)
    • Uncategorized (45)
    • World News (1,213)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheTraderHarbor, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thetraderharbor.com | All Rights Reserved