Bloomberg reports that Meta will lay off 5% of staff

Bloomberg reports that Meta will lay off 5% of staff

/ 01:16 PM January 16, 2025

Bloomberg reports that Meta will lay off 5% of staff

FILE – The Meta logo is seen at the Vivatech show in Paris, France, June 14, 2023. (AP Photo/Thibault Camus, File)

News reports say that social media company Meta Platforms is planning to cut 5% of total staff this year by terminating staff based on performance and hiring new workers to replace them.

Bloomberg News reported that Meta CEO Mark Zuckerberg made the announcement in an internal note to employees, saying he wants to “raise the bar on performance management and move out low-performers faster.”

Article continues after this advertisement

READ: Meta draws flak for ending US fact-checking program

FEATURED STORIES

Meta employs about 72,000 people, according to recent filings, so cutting 5% of staff would amount to 3,600 people, Bloomberg said Tuesday. The Menlo Park, California-based company owns Facebook, Instagram, WhatsApp and Threads.

The company declined to comment Wednesday but said that Bloomberg’s reporting was accurate.

Article continues after this advertisement

Workers in the U.S. who will be affected will be notified on Feb. 10, while those in other countries will be informed later, Bloomberg said.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: Employment, meta

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2025 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.