Not a great start of 2025, with on of the biggest It giants Meta, planning to cut 5% of its employees. According to CNBC, the company’s lowest-performing employees will be affected by the most recent wave of layoffs. This current round of layoffs is the company’s biggest personnel decrease since 21,000 jobs were cut in 2022 and 2023. Meta employs around 72,000 individuals worldwide, according to the company’s most recent quarterly report.
The decision was announced by CEO Mark Zuckerberg in a memo that was posted on Meta’s internal Workplace forum. He noted in the memo that 2025 will “be an intense year” for the business, highlighting the necessity of strategic concentration and operational efficiency. Workers impacted by the layoffs will receive notice by February 10 and severance benefits comparable to those offered in prior reductions. 16 weeks of basic compensation plus an additional two weeks for each year of service, with no ceiling, are included in the severance packages. For six months, Meta will pay for people’s and their families’ medical expenses. Additionally, laid-off workers receive three months of career assistance from an outside vendor, which includes first dibs on unreleased job openings. Additionally, immigration assistance is provided to employees in times of need.
