Meta had approximately 72,400 employees as of September. “I’ve decided to raise the bar on performance management and move out low-performers faster,” Zuckerberg said.
The CEO said the performance-based cuts are intended to ensure that the company has the “strongest talent” and is able to “bring new people in.” Performance-based dismissals are a common practice among major US corporations. Microsoft announced similar cuts last week affecting less than one percent of its workforce, Business Insider reported.
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