Reported about 12 hours ago
Meta Platforms Inc. announced it will cut approximately 5% of its workforce, targeting underperforming employees while planning to hire new talent later this year. CEO Mark Zuckerberg emphasized a shift in performance management, aiming for a more efficient workforce. The layoffs, affecting around 3,600 positions, will notify US staff by February 10, with generous severance packages offered. This move aligns with Zuckerberg's vision for 2023 as a 'year of efficiency,' amid broader industry layoffs.
Source: YAHOO