Meta to lay off 5% of 'lowest performers', plans to hire for impacted roles

Reuters

Meta to cut 5% of staff, focusing on "low performers," while boosting AI investments. Restructuring continues as 2023's "Year of Efficiency" impacts thousands of roles.

Meta Platforms plans to cut about 5% of its workforce, targeting "lowest performers," while hiring for affected roles later this year, a spokesperson said Tuesday. CEO Mark Zuckerberg hinted at further job cuts to improve performance management.

The company, with over 72,000 employees as of September 30, has invested heavily in AI technology, contributing to higher expenses this year. In 2022, Meta began restructuring efforts, cutting 11,000 jobs, and declared 2023 the "Year of Efficiency," eliminating another 10,000 roles.

Recently, Meta ended its U.S. fact-checking program and eased restrictions on divisive topics like immigration and gender identity, reportedly responding to conservative criticism ahead of Donald Trump's 2024 presidential bid. 

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