Meta looking for new talent

Anticipating that 2025 will be an "intense year" requiring rapid innovation, Mark Zuckerberg reportedly announced that Meta would be cutting 5 percent of its workforce —targeting "lowest performers."

Bloomberg reviewed the internal memo explaining the cuts, which was posted to Meta's internal Workplace forum Tuesday. In it, Zuckerberg confirmed that Meta was shifting its strategy to "move out low performers faster" so that Meta can hire new talent to fill those vacancies this year.

Any employees affected will be notified by February 10 and receive "generous severance," Zuckerberg's memo promised. 

"I’ve decided to raise the bar on performance management," Zuckerberg said. "We typically manage out people who aren’t meeting expectations over the course of a year, but now we’re going to do more extensive performance-based cuts during this cycle."

Cuts will likely impact more than 3,600 employees, as Meta's most recent headcount in September totaled about 72,000 employees. It may not be as straightforward as letting go anyone with an unsatisfactory performance review, as Zuckerberg said that any employee not currently meeting expectations could be spared if Meta is "optimistic about their future performance," The Wall Street Journal reported.