Meta began layoffs on 10th February, targeting “low-performing” employees as it focuses on strengthening its AI talent pool. Severance packages for US-based employees include 16 weeks of base pay plus two weeks per year of service.
Reports suggest several employees with positive mid-year performance reviews were unexpectedly laid off after being downgraded in year-end evaluations.
Affected employees shared their experiences online, highlighting sudden terminations despite consistent performance ratings or recent returns from parental leave.
Meta CEO Mark Zuckerberg had previously announced plans to cut 5% of the workforce, about 3,600 employees, citing the need to address performance concerns.
Layoffs are expected to conclude by the end of February as the company seeks to hire top talent and strengthen its AI capabilities amidst competition from tech giants.
Meta has consistently conducted job cuts in recent years as part of its efficiency drive, with ongoing investments in AI infrastructure across its apps and business units.
Navigate Any Stock Like a Pro. Ask the Analyst.
Unlock profitable opportunities every day! Unicorn Signals provides actionable intraday trading signals for stocks and futures. Don’t miss out – download Unicorn Signals and start winning now!
Live
