Meta has initiated another round of performance-based job cuts after announcing it via an internal memo last month.

As Bloomberg reports, US-based employees being laid off were notified via email on Feb. 10. They have been offered severance packages that include 16 weeks of pay and an additional two weeks for each year of service.

In last month’s memo, CEO Mark Zuckerberg said these layoffs aim to eliminate workers who weren't "meeting expectations over the course of a year." According to CNBC, that accounts for 5% of Meta’s global workforce, or around 3,600 people.

Due to local regulations, employees in Germany, France, Italy, and the Netherlands will be exempt from this round of job cuts, while those in Asia, Africa, and other parts of Europe will receive their notifications between Feb. 11 and Feb. 18, according to Reuters. In his memo, Zuckerberg had promised to backfill the vacated positions in 2025 itself.

Meta’s latest round of layoffs comes as it tries to keep up with the competition in the AI domain. The company is expected to “invest $60-65B in capex this year while also growing our AI teams significantly,” Zuckerberg said in a Facebook post last month.

Notably, Meta has made efficiency-driven layoffs in the past. In 2023, 10,000 workers were laid off after Zuckerberg dubbed it Meta’s “year of efficiency.” That wasn’t its biggest mass layoff, though. In 2022, the company laid off over 11,000 employees, citing pandemic-era overhirings.

Meta’s last known layoffs came in October when it removed an undisclosed number of employees from its WhatsApp, Instagram, Reality Labs, and other units as part of a company-wide restructuring.

By: DocMemory
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