Tag: Meta

Meta Layoffs: Meta Platforms Inc. will lay off 5% of low-performing employees and focus on performance management as part of its "Year of Efficiency" initiative. New Delhi, Digital Desk || Meta Company Layoffs: Meta Platforms Inc. has announced plans to streamline its workforce by cutting approximately 5% of its lowest-performing employees this year. Meta's CEO Mark Zuckerberg outlined the decision in an internal memo, emphasizing the need to enhance overall performance by addressing underperformance more swiftly. In a memo, Mark stated, "Platform raised the bar on performance management to identify and address low performers faster. While this process previously spanned a year, we are now implementing more rigorous performance-based reviews during this cycle." The initiative ...