February 11, 2025 – According to Bloomberg, Meta has initiated layoffs on Monday, primarily targeting employees who have “performed poorly.” The company is simultaneously on the lookout for top talent to solidify its position in the AI field.
Affected employees were informed via email, and those in the US will receive severance packages including 16 weeks of pay, plus an additional two weeks for every year of service. Notably, staff members who meet performance standards and are eligible for bonuses will still receive them, and all employees are set to receive company stocks as part of this month’s equity award cycle.
Meta CEO Mark Zuckerberg announced that the company would be laying off 5% of its workforce, equivalent to approximately 3,600 individuals, specifically those who “haven’t met the company’s expectations.” Zuckerberg had hinted at this move in mid-January, stating that US-based staff would be notified by February 10th, while international employees would be informed shortly after.
In a letter addressed to management, Zuckerberg emphasized that these layoffs would pave the way for hiring “the best and brightest talent.”
Reports indicate that Meta has been conducting layoffs in recent years as part of its efficiency drive. In 2022 and 2023, the company let go of thousands of employees. The current round of layoffs is expected to be completed by the end of the February performance review cycle.
Towards the end of January, Zuckerberg revealed to investors that Meta anticipates investing billions of dollars in its artificial intelligence infrastructure.
