Meta to Replace 5% of Workforce in Performance-Based Restructuring

CEO Mark Zuckerberg aims to elevate performance standards, impacting approximately 3,600 employees, while hosting a reception for President-elect Donald Trump.

• Meta, the parent company of Facebook, WhatsApp, and Instagram, plans to replace around 3,600 employees, roughly 5% of its workforce, based on performance evaluations.
• CEO Mark Zuckerberg emphasized raising performance standards and prioritizing the recruitment of top talent to support Meta's focus on technologies like AI and augmented reality.
• The performance reviews that will determine the affected employees are expected to conclude in February 2025, with new hires filling the vacated positions later this year.
• This restructuring follows Meta's previous layoffs in 2022 and 2023, which saw over 20,000 jobs cut as part of Zuckerberg's 'Year of Efficiency' initiative, leading to increased profits.
• Zuckerberg is also co-hosting a reception for President-elect Donald Trump, signaling a shift in his relationship with the former president, and Meta has adjusted its content moderation policies in the U.S., discontinuing third-party fact-checking.

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