Tue Jan 14 15:50:00 UTC 2025: ## Meta to Lay Off Roughly 11,000 Employees in Performance-Based Cuts
**MENLO PARK, CA –** Meta Platforms (META) is preparing to lay off approximately 5% of its workforce, amounting to roughly 11,000 employees, according to an internal memo from CEO Mark Zuckerberg obtained by Bloomberg. The cuts will target the lowest-performing employees across the company. While Zuckerberg’s memo didn’t specify exact numbers or departments affected, the move is part of a broader effort to streamline operations and improve efficiency. The company plans to backfill some of the vacated positions, suggesting a focus on strategic realignment rather than a drastic overall reduction in headcount. The layoffs are expected to impact various teams and levels within the organization. This announcement follows a period of significant restructuring and cost-cutting measures at the social media giant.
First Piper 