SAN FRANCISCO, Jan. 14 (Xinhua) -- U.S. Social media giant Meta is planning to cut about 5 percent of staff it considers to be its lowest performers, according to a Bloomberg report on Tuesday.
An internal memo sent to staff by chief executive Mark Zuckerberg said he had "decided to raise the bar on performance management" in order to "move out low-performers faster," the report said.
According to the memo Zuckerberg said the company typically "manage out people who aren't meeting expectations over the course of a year", but was now planning on "more extensive performance-based cuts."
Meta is said to have already cut about 5 percent of low performers during 2024, but has a target of 10 percent for its current "performance cycle," which meant it was looking to "exit approximately another 5 percent of our current employees who have been with the company long enough to receive a performance rating."
The policy is the latest in a time of dramatic change at the tech giant, following its announcement last week that it was ending its third party fact-checking program, starting in the US, and moving to a Community Notes system similar to X because fact-checkers were "biased."
