Meta layoffs: Meta to lay off 3,600 low performers, focuses on AI and innovation

[ad_1]

Meta, the parent company of Facebook, Instagram, and WhatsApp, plans to lay off around 3,600 employees who are identified as low performers, according to an internal memo reported by Bloomberg. CEO Mark Zuckerberg described the decision as a step to “raise the bar on performance management and move out low-performers faster” as the company forges ahead in building out AI-powered services and immersive devices.

The layoffs will impact approximately 5% of Meta’s workforce, which numbered 72,400 as of September. Employees in the United States are expected to receive notifications about their status by February 10, with international notifications to follow, AFP reported.

“This is going to be an intense year, and I want to make sure we have the best people on our team,” Zuckerberg wrote.

“We typically manage out people who aren’t meeting expectations over the course of a year,” Zuckerberg stated, “but now we’re going to do more extensive performance-based cuts during this cycle.” He mentioned that some underperforming employees from the previous cycle might be retained if there is confidence in their potential contributions. Those affected by the layoffs will receive “generous severance,” he added.

The company intends to replace the outgoing employees with new hires later this year.

Artificial Intelligence(AI)

Java Programming with ChatGPT: Learn using Generative AI

By – Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)

Basics of Generative AI: Unveiling Tomorrows Innovations

By – Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)

Generative AI for Dynamic Java Web Applications with ChatGPT

By – Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)

Mastering C++ Fundamentals with Generative AI: A Hands-On

By – Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)

Master in Python Language Quickly Using the ChatGPT Open AI

By – Metla Sudha Sekhar, IT Specialist and Developer
Marketing

Performance Marketing for eCommerce Brands

By – Zafer Mukeri, Founder- Inara Marketers
Office Productivity

Zero to Hero in Microsoft Excel: Complete Excel guide 2024

By – Metla Sudha Sekhar, IT Specialist and Developer
Finance

A2Z Of Money

By – elearnmarkets, Financial Education by StockEdge
Marketing

Modern Marketing Masterclass by Seth Godin

By – Seth Godin, Former dot com Business Executive and Best Selling Author
Astrology

Vastu Shastra Course

By – Sachenkumar Rai, Vastu Shashtri
Strategy

Succession Planning Masterclass

By – Nigel Penny, Global Strategy Advisor: NSP Strategy Facilitation Ltd.
Data Science

SQL for Data Science along with Data Analytics and Data Visualization

By – Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)

AI and Analytics based Business Strategy

By – Tanusree De, Managing Director- Accenture Technology Lead, Trustworthy AI Center of Excellence: ATCI
Web Development

A Comprehensive ASP.NET Core MVC 6 Project Guide for 2024

By – Metla Sudha Sekhar, IT Specialist and Developer
Marketing

Digital Marketing Masterclass by Pam Moore

By – Pam Moore, Digital Transformation and Social Media Expert
Artificial Intelligence(AI)

AI-Powered Python Mastery with Tabnine: Boost Your Coding Skills

By – Metla Sudha Sekhar, IT Specialist and Developer
Office Productivity

Mastering Microsoft Office: Word, Excel, PowerPoint, and 365

By – Metla Sudha Sekhar, IT Specialist and Developer
Marketing

Digital marketing – WordPress Website Development

By – Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expert
Office Productivity

Mastering Google Sheets: Unleash the Power of Excel and Advance Analysis

By – Metla Sudha Sekhar, IT Specialist and Developer
Web Development

Mastering Full Stack Development: From Frontend to Backend Excellence

By – Metla Sudha Sekhar, IT Specialist and Developer
Finance

Financial Literacy i.e Lets Crack the Billionaire Code

By – CA Rahul Gupta, CA with 10+ years of experience and Accounting Educator
Data Science

SQL Server Bootcamp 2024: Transform from Beginner to Pro

By – Metla Sudha Sekhar, IT Specialist and Developer