Meta, the parent company of Facebook, is set to commence a new round of layoffs based on employee performance evaluations. Starting Monday, employees will be informed via email about individual job cuts. This decision affects about 5% of Meta's workforce, translating to more than 3,000 positions. The company has categorized these layoffs as necessary to let go of the lowest-performing employees. Interestingly, Meta plans to refill these positions later this year, indicating an ongoing strategy to balance performance with future hiring needs.
On Monday, Meta employees will receive notifications about job cuts via email, marking the beginning of a performance-based layoff process.
Meta, which owns Facebook, has announced plans to reduce its workforce by 5%, resulting in over 3,000 job losses.
The company's strategy focuses on removing the 'lowest performers', indicating a shift towards a more performance-driven organizational culture.
While current layoffs are taking place, Meta intends to refill these positions later in the year, suggesting a future investment in talent.
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