Meta owns Facebook and Instagram but will perform layoffs affecting 3,000 employees while it prioritizes recruiting machine learning engineers. The layoff process starts from Tuesday but U.S.-based employees must receive their notification before Monday at 5 a.m. The layoff exemption extends to German, French, Italian and Dutch employees because of their local employment laws. Employees in Europe, Asia and Africa will get their layoff notifications between February 11 and 18 of this year. Meta aims to optimize its operations through layoffs to boost efficiency while investing in AI technologies and metaverse development. The company implementation originated from a necessity to boost performance levels and eliminate underperforming positions according to CEO Mark Zuckerberg. The upcoming years 2024 and 2025 pose significant challenges for the company as it strives to combine revenue growth with profitability. The company plans to eliminate approximately 5% of its least successful staff members while replacing certain fundamental positions. The workplace implements “performance termination” labels for Meta layoffs which align with long-term corporate objectives. The company decides against providing updates beyond the initial announcement so its offices can remain open on Monday this week. Peng Fan, Vice President of Engineering for Monetization, asked employees in a different memo to provide speedy support for machine learning engineer recruitment. The initiative will start on February 11 and finish on March 13 to fill vital positions. Fan expresses gratitude to employees for their ongoing assistance in reaching Meta’s 2025 targets while thanking them again for their help.
Meta to Lay Off 3,000 Employees as Company Focuses on AI Hiring
