(Bloomberg) -The Meta Platforms started Inc. Inform staff from job cuts on Monday, boosting a process that will terminate thousands of people as the company cracks down on “low performers” and scrubbed into new talent dominating the AI race.
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Meta workers dropped by e-mail, and the company offers US redundancy packages in the US which includes 16 weeks of pay, as well as two weeks for each year of service, according to people who familiar with the matter, who asked for not to name it because the details were not public. Workers whose review deserves a bonus will still have one, and staff will still receive stock awards as part of the upcoming vesting cycle later this month, the people said.
CEO Mark Zuckerberg told employees that Meta would cut 5% of its workforce-like many 3,600 people-with a focus on staff who do not “meet expectations,” reported Bloomberg News first in mid-January. Employees affected in the United States would be notified on February 10, while international workers could learn later, Zuckerberg said last month.
In a separate message from management, Facebook co-founder said the cuts would create a large number for the company to hire the “strongest talent.”
Job cuts have been consistent in Meta in recent years. The company attended thousands of employees in 2022 and 2023 as part of pushing efficiency. The latest wave of firing is expected to be completed by the end of the performance cycle going through February. They come as Meta tries to beat competitors including Openai and Deepseek in a fast -moving artificial intelligence race.
Zuckerberg told investors at the end of January that Meta predicted eventually spent hundreds of billions of dollars on AI infrastructure. Menlo Park, California uses AI across its range of business apps and units, from social media platforms such as Instagram and Facebook to virtual reality glasses.
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