Tech giants Meta and Microsoft are reportedly cutting back on their headcount. Meta is set to cut its workforce by 5%, while Microsoft plans to pause hiring in part of its consulting business and plan...

Executives and researchers leading Meta's AI efforts obsessed over beating OpenAI's GPT-4 model while developing Llama 3, according to internal messages unsealed by a court on Tuesday in one of the co...

Facebook and Instagram parent Meta Platforms plans to lay off about 5% of its workforce, with CEO Mark Zuckerberg warning of an “intense” year ahead. Meta had roughly 72,000 people, so a 5% reduction ...

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 may plan for annual performance-based job cuts to boost employee performance standards. The strategy aims to increase non-regrettable attrition and remove the lowest performers.

Meta, the parent company of Facebook and Instagram, is cutting the lowest-performing 5% of its workforce and plans to fill those roles later this year, the company said in a memo.

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As well as ditching fact-checkers, Facebook and Instagram owner Meta Platforms Inc (NASDAQ:META) is planning to cut 5% of the staff it sees as the "low-performers".  This equates to roughly 3,600 role...

The company said in a memo sent to its employees on Tuesday that the layoffs would be based on performance ratings.

Meta has revealed plans to reduce its workforce by 5%, targeting its lowest-performing employees as the company gears up for what CEO Mark Zuckerberg described as an “intense year” in 2025.

Meta Platforms will trim about 5% of its "lowest performers" and plans to hire for the impacted roles this year, a company spokesperson said on Tuesday.

Meta is reducing its workforce by about 5% through performance-based terminations, Bloomberg reported on Tuesday. The company plans to hire new people to fill the roles, CEO Mark Zuckerberg said in an...

Meta is planning to slash roughly 5% of its staff this year, CEO Mark Zuckerberg revealed on Tuesday.

Chief Executive Mark Zuckerberg said the cuts are necessary as the company builds ‘the most important technologies in the world.'

Meta is set to cut about 5% of its workforce, focusing on the company's lowest-performing workers, CNBC confirmed Tuesday. Another 5% of the 2024 employee base "who have been with the company long eno...

Producer price data signals softer inflation, lifting Dow. Nasdaq, S&P 500 under pressure as Nvidia and Meta fall.

Mark Zuckerberg has told employees he "decided to raise the bar on performance management" and act quickly to "move out low-performers," according to an internal memo seen by BI. The Meta chief wrote ...

Brazil was on Tuesday analyzing a response from social media giant Meta which had been given a 72-hour deadline to explain its fact-checking policy for the country.

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