- Meta has cut approximately 5% of its workforce, impacting around 4,000 employees globally.
- The layoffs, reportedly performance-based, have affected staff across Europe, Asia, and the United States.
What happened: Meta lays off 5% of workforce, affecting 4,000 employees
Meta has announced another round of layoffs, reducing its workforce by 5%, which equates to roughly 4,000 employees. The company described the cuts as performance-based, though reports indicate that some affected employees had previously received positive performance evaluations.
The job cuts have impacted workers across multiple regions, including Europe, Asia, and the United States. CEO Mark Zuckerberg previously signaled that Meta would continue streamlining operations to improve efficiency, aligning with the company’s broader restructuring efforts in recent years.
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Why it’s important
Meta’s latest layoffs highlight the ongoing challenges faced by the tech industry, where major companies continue to prioritize cost-cutting and operational efficiency. While the company remains profitable, it has repeatedly restructured its workforce to maintain growth in a competitive digital landscape.
The decision has raised concerns among employees, particularly given reports that some of those laid off had strong performance records. This move may impact employee morale and trust in internal evaluation processes, potentially affecting long-term retention and productivity.
