Accordingly, Meta - the parent company of social platforms Facebook, Instagram and WhatsApp is planning to fire about 3,600 employees identified as having poor work performance and replace them with new employees.
The "technology giant" said that this decision will affect about 5% of the company's workforce. As of September 2024, Meta has about 72,400 employees.
"I decided to raise performance standards and eliminate underperforming employees faster," said Meta CEO Mark Zuckerberg. Performance-based layoffs are to ensure Meta has the most talented staff and recruits better staff."
It is known that laying off employees based on work performance has become popular among corporations in the US recently. For Meta, an industry big guy in the industry, Microsoft, announced a similar cut in affected employees in a similar way, with less than 1% of its workforce affected last week.
Meta's dismissal of this employee comes as the company is making major changes before US President-elect Donald Trump takes office on January 20. Last week, Mr. Zuckerberg announced the end of Meta's information verification program on platforms amid criticism from conservative thinkers.
Under Meta's new program, users can add context to posts, similar to those on social network X, previously Twitter. Meta has also tightened initiatives and eased regulations on limiting information content on Facebook and Instagram, especially for some forms of hostile statements.
