Meta fires thousands of underperforming employees

Meta (Facebook's parent company) is planning to fire about 3,600 underperforming employees and hire new replacements.

Information about Meta's plan to lay off a large number of unproductive employees was published by Bloomberg on January 14 based on an internal memo of the corporation.

Meta confirmed the plan and said CEO Mark Zuckerberg's decision will affect 5% of the group's workforce, according to AFP. Meta is the parent company of Facebook, Instagram and WhatsApp. As of September 2024, Meta had about 72,400 employees.

Meta is about to fire 3,600 low-performing employees

"I've decided to raise the bar on performance management and remove poor performers more quickly," Mr. Zuckerberg said.

The leader said the performance-based staff cuts were aimed at ensuring the company had the "strongest talent" and could "attract new people to work".

Performance-based layoffs are common among large US corporations. Last week, Microsoft announced similar layoffs, affecting less than 1% of its workforce, Business Insider reported.

The layoffs come amid broader changes at Meta ahead of US President-elect Donald Trump's return to the White House on January 20.

Mr. Zuckerberg recently dined with Mr. Trump and nominated a Republican to head Meta’s public relations department.

Last week, billionaire Mark Zuckerberg announced the end of Facebook’s fake news checker program after it was criticized by conservatives as censorship. Under the new system, users will be able to add context to posts, similar to features on billionaire Elon Musk’s social network X.

Meta has also scaled back diversity initiatives and loosened content moderation rules on Facebook and Instagram, particularly for some forms of hate speech.

Source: https://thanhnien.vn/meta-sa-thai-hang-ngan-nhan-su-kem-nang-suat-185250115172952128.htm