Meta Platforms plans to cut 5% of workforce, focusing on "lowest performers" to improve efficiency

From Nasdaq: 2025-01-14 14:33:35

Meta Platforms (META) plans to reduce its workforce by 5%, targeting “lowest performers” to enhance performance. CEO Mark Zuckerberg warns of potential further job cuts throughout the year. With over 72,000 employees as of September 30, Meta will fill impacted roles later in the year. The company is investing heavily in artificial intelligence (AI), aligning with industry trends. This move follows previous layoffs, with Meta committing billions to AI infrastructure. Currently, META is trading down 1.95% at $596.47 on the Nasdaq, reflecting ongoing organizational shifts towards efficiency and strategic talent management.



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