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Meta targeting lowest-performing employees in latest round of layoffs
METAMeta Platforms(META) CNBC·2025-01-15 00:45

Meta CEO Mark Zuckerberg makes a keynote speech during the Meta Connect annual event, at the company's headquarters in Menlo Park, California, U.S. September 25, 2024.Meta is set to cut about 5% of its workforce, focusing on the company's lowest-performing workers, CNBC confirmed Tuesday.Bloomberg was first to report the cuts, citing an internal memo."We typically manage out people who aren't meeting expectations over the course of a year, but now we're going to do more extensive performance-based cuts duri ...