Meta is planning to cut 5% of lowest performers, memo shows

Meta Platforms Inc. is planning to chop about 5% of its lowest performers with the intent of backfilling their roles this 12 months, in keeping with an inner memo despatched to staff. “I’ve determined to lift the bar on efficiency administration and transfer out low-performers quicker,” chief government officer Mark Zuckerberg mentioned within the memo. “We sometimes handle out individuals who aren’t assembly expectations over the course of a 12 months, however now we’re going to do extra intensive performance-based cuts throughout this cycle.”

The corporate expects to achieve 10% of “non-regrettable” attrition by the tip of the present efficiency cycle, which incorporates roughly 5% non-regrettable attrition from 2024, the memo reveals. “This implies we’re aiming to exit roughly one other 5% of our present staff who’ve been with the corporate lengthy sufficient to obtain a efficiency score,” the corporate mentioned.

Zuckerberg famous that the corporate would “present beneficiant severance.”