Tech giant Meta is cutting 5% of its workforce, resulting in the layoff of approximately 4,000 workers worldwide. The move aims to boost productivity by targeting “lowest performers” and leaving open about 1,000 job openings in California.
According to reports, employees are expected to receive notification via email on Monday morning. Meta has classified these cuts as “performance terminations.” In contrast, some countries like Germany, France, Italy, and the Netherlands will be exempt due to local regulations.
The company claims it will expedite hiring for machine learning engineers and other critical roles. Industry experts suggest that employees who have opposed returning to full-time office work may face targeted layoffs in this round of cuts.
This latest move follows Meta’s previous layoffs from 2022 to 2023, which affected about a quarter of its workforce. The company has raised its expectations for employee performance, citing the challenges of working from home and its impact on productivity.
Affected workers will receive severance packages similar to those given to “exiting” employees in the past. Meanwhile, other Silicon Valley companies like Workday and Salesforce have also announced layoffs this month, citing a desire to invest more in Artificial Intelligence.
Source: https://www.fox13news.com/news/meta-laying-off-thousands-workers-report-business-insider