Meta parent company Facebook is set to begin laying off approximately 3,600 employees starting Monday. This move comes after CEO Mark Zuckerberg’s announcement last month to trim the workforce by 5 percent. According to Zuckerberg, the layoffs will target “low-performers.” The decision aims to raise the bar on performance management and eliminate underperforming staff faster.
The affected employees are expected to receive generous severance packages, consistent with previous job cuts. U.S.-based workers will be notified first, while international employees will be informed at a later date. This move is part of an ongoing trend of Bay Area tech companies announcing significant job reductions, including Salesforce, Workday, and Cruise earlier this year.
Source: https://www.kron4.com/news/bay-area/meta-layoffs-to-begin-monday-as-company-moves-to-cut-5-percent-of-workforce