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Meta to lay off 5% of 'lowest performers'
Meta's performance-based cuts could kick off a wider trend in tech
In today's big story, Meta is looking to quickly get rid of low performers with companywide cuts as it prepares for what Mark Zuckerberg says will be an "intense year." What's on deck Markets: The saga of finding Jamie Dimon's replacement takes another twist.
Meta To Lay Off 3,600 Employees In Performance-based Cuts
Meta plans to dismiss approximately 3,600 employees identified as low performers and replace them with new hires, according to an internal memo reported by Bloomberg on Tuesday.
Meta to lay off 5% of 'lowest performers', plans to hire for impacted roles
Zuckerberg had also called 2023 the "Year of Efficiency" as Meta announced its decision to eliminate around 10,000 roles.
11h
on MSN
Meta following Microsoft footsteps? Why has Mark Zuckerberg decided to lay off 3,600 employees: Explained in 10 points
Facebook parent company Meta has announced another round of layoffs. Mark Zuckerberg is planning to fire 3,600 employees.
1d
on MSN
Microsoft creates new AI engineering group led by former Meta executive
Microsoft is creating a new engineering group that’s focused on artificial intelligence. Led by former Meta engineering chief ...
SiliconRepublic
1d
Former Meta exec Jay Parikh to lead new Microsoft AI division
The new division at Microsoft will combine its Dev Div and AI Platform teams together, with additional help from other ...
6d
The list of major US companies laying off staff in the new year, including Meta, Microsoft, and BlackRock
Companies have continued to cut jobs in 2025 after a wave of layoffs last year. Microsoft, BlackRock, and Ally are among ...
1d
on MSN
Microsoft forms new internal dev-focused AI org
Microsoft has created a new engineering org aimed at accelerating AI infrastructure and software development within the ...
1d
on MSN
Microsoft CEO Nadella forms new AI group to build and run apps for customers
Microsoft is forming a new group focused on developing AI apps and providing tools for third-party customers, the company ...
6h
Meta's Instagram down for thousands of users in the US, Downdetector shows
Meta Platforms's Instagram was down for thousands of users in the U.S. on Wednesday morning, according outage tracking ...
4d
on MSN
Will Meta's Artificial Intelligence Agents Be a Game Changer in 2025?
In 2025, generative artificial intelligence (AI) models will become much more useful because many of the companies involved ...
6d
on MSN
Google, Microsoft each donating $1M to Trump’s inaugural fund
The two major tech companies are just the latest to donate to Trump’s inaugural fund — joining Meta, Amazon and the chief ...
1d
Microsoft Launches CoreAI Division: Ex-Meta Exec To Supercharge Copilot And AI Innovations
Microsoft Corp (NASDAQ:MSFT) announced the creation of a new engineering organization called CoreAI—Platform and Tools. This ...
5h
on MSN
The crazy ride in quantum computing stocks continues as shares rip higher on Microsoft's 'quantum ready' directive
Microsoft announced a program to help businesses prepare for the advent of the quantum computing era. Azizirad said this is ...
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