Meta reported to be considering sweeping layoffs
Meta was reported to be considering sweeping layoffs, as part of a push to raise performance standards.
CEO Mark Zuckerberg says this move is all about making Meta sharper for a year focused on artificial intelligence (AI) and smart glasses.
Layoffs target low performers and those eligible for performance reviews
The layoffs targeted employees described as low performers and those eligible for performance reviews, rather than specifically longtime staff.
Those leaving are getting generous severance packages.
Meta plans to refill these roles with stronger hires, especially in machine learning and AI, so the company isn't shrinking so much as reshuffling its talent.
Other major changes at Meta
Meta has also ended its fact-checking program after the US election and is now trying out community notes like X (formerly Twitter).
Plus, it's dropped diversity, equity, and inclusion initiatives, a move echoed by other big names like McDonald's and Walmart.
Fun fact: Even after major cuts — including significant job cuts announced previously — Meta still has more than 72,000 employees.