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Meta cutting 5% of workforce
Meta To Lay Off 3,600 Employees In Performance-based Cuts
Meta plans to dismiss approximately 3,600 employees identified as low performers and replace them with new hires, according to an internal memo reported by Bloomberg on Tuesday.
Bloomberg reports that Meta will lay off 5% of staff
News reports say that social media company Meta Platforms is planning to cut 5% of total staff this year by terminating staff based on performance and hiring new workers to replace them. Bloomberg News reported that Meta CEO Mark Zuckerberg made the announcement in an internal note to employees,
Meta to lay off 5% of workforce, about 3,600 employees, in performance-based cuts
According to Bloomberg, Zuckerberg made the announcement via a company memo posted on the company's internal Workplace forum this week.
5h
Macy's Almeda Mall location to lay off more than 70 employees when it closes, public records say
Macy's Almeda location will close in March, marking the departure of the Almeda Mall's final anchor store and leaving 72 ...
PCMag on MSN
12h
Microsoft Lays Off More Staff in Gaming Division
Years ago, Microsoft CEO Satya Nadella decided to buy some pricey game studios to try to prop up the tech giant's gaming ...
1d
Microsoft lays off employees in security, experiences and devices, sales, and gaming — separate from performance cuts
The layoffs are separate from cuts targeting underperforming employees across the company, a spokesperson confirmed.
4h
on MSN
Laid off workers react to Alamo Drafthouse cutbacks
Alamo Drafthouse has been hit with layoffs. 15 corporate staffers were laid off along with a much larger number of hourly ...
Game Rant
10h
Microsoft Reportedly Lays Off More Employees
Microsoft could be laying off even more employees within Xbox's gaming division following a year of similar cuts to its many ...
PCMag on MSN
14h
Meta Laying Off Thousands to Prep for 'Intense' Year Ahead
Meta has laid off staff every year since at least 2022, with 11,000 laid off that year and another 10,000 in 2023. Last year, ...
Cedar Rapids KCRG-TV on MSN
2h
53 workers laid off at Kinze Manufacturing in Williamsburg
Kinze Manufacturing, Inc., is laying off 53 employees from its operation in Williamsburg, the company confirmed Wednesday.
1d
on MSN
Bay Area biotech firm CytomX, once worth $2.3 billion, lays off 40% of staff
CytomX Therapeutics, a Bay Area biotech firm with lucrative and high-profile partnerships in the industry, is laying off 40% ...
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Meta
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