ADVERTISEMENT
Friday, July 25, 2025
No Result
View All Result
The AZB More Than Just News
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION
No Result
View All Result
Daily The Azb
No Result
View All Result
Home SCI-TECH

Meta to cut 3,600 jobs in performance-driven restructuring

AZB Editor
January 15, 2025
Meta to cut 3,600 jobs in performance-driven restructuring
Share on FacebookShare on Twitter
Advertisements

Meta Platforms Inc. is set to lay off approximately 3,600 employees, representing around 5% of its workforce, as part of its “Year of Efficiency” initiative.

According to a report by Samaa News on Wednesday, this move, announced through an internal memo by CEO Mark Zuckerberg, is aimed at improving performance and streamlining operations.

Advertisements

The latest layoffs mark another significant workforce reduction for Meta, which has been actively cutting costs and realigning teams over the past year. With a total workforce of about 72,000 as of September 2024, the 5% reduction will impact multiple departments.

In the memo, Zuckerberg highlighted the company’s shift towards faster performance-based terminations. Historically, employees were given up to a year to meet expectations. Now, Meta plans to expedite the removal of underperforming employees during this performance cycle.

“I’ve decided to raise the bar on performance management and move out low performers faster,” Zuckerberg wrote. This move is part of a broader goal to achieve 10% “non-regrettable” attrition by the end of the performance cycle, with half of this reduction targeted for 2024.

Meta has assured that affected employees will receive “generous severance” packages to ease the transition. Despite these measures, the decision has sparked concerns internally and externally, especially in light of the company’s evolving approach to workforce management.

Advertisements
AZB Editor

AZB Editor

Related Posts

MG Motors and Bank Alfalah Launches a ‘Freedom Package’ with an Instant Vehicle Delivery and Auto Financing
Business

MG Motors and Bank Alfalah Launches a ‘Freedom Package’ with an Instant Vehicle Delivery and Auto Financing

July 25, 2025
11th ISEM Solar Exhibition 2025 Opens at Expo Center Karachi
Headline

11th ISEM Solar Exhibition 2025 Opens at Expo Center Karachi

July 24, 2025
Solar Pakistan 2025 Kicks Off in Multan, Showcasing Alternative Energy Solutions
Business

Solar Pakistan 2025 Kicks Off in Multan, Showcasing Alternative Energy Solutions

July 18, 2025
Provincial Minister for Energy, Planning, and Development Nasir Hussain Shah called on President Asif Ali Zardari at Aiwan-e-Sadr, Islamabad.
Headline

Provincial Minister for Energy, Planning, and Development Nasir Hussain Shah called on President Asif Ali Zardari at Aiwan-e-Sadr, Islamabad.

July 12, 2025
MG Official Urges Industry to Rethink Pricing and Real Benefits for Consumers
Business

MG Official Urges Industry to Rethink Pricing and Real Benefits for Consumers

July 12, 2025
OGDCL Partners with PMYP and NAVTTC to Empower Youth Through Skills and Opportunities
Business

OGDCL Partners with PMYP and NAVTTC to Empower Youth Through Skills and Opportunities

July 4, 2025
Fuel hike acts as a mini-budget, hurting the masses.
Business

Fuel hike acts as a mini-budget, hurting the masses.

July 4, 2025
STDC Playing a Key Role in Affordable Power Supply: Sindh Energy Minister
Headline

STDC Playing a Key Role in Affordable Power Supply: Sindh Energy Minister

July 3, 2025
Bringing Vision Within Reach: How Technology Is Transforming Eye Care in Pakistan
ARTICLES

Bringing Vision Within Reach: How Technology Is Transforming Eye Care in Pakistan

June 29, 2025
PSO, BYD, HUBCO Green Expand NEV Charging Network Along Lahore–Islamabad Motorway
Business

HUBCO Green expands its NEV charging network to Lahore-Islamabad Motorway in partnership with PSO

June 25, 2025
Next Post
Schedule for Matric and Inter Exams 2025 announced

Schedule for Matric and Inter Exams 2025 announced

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


Most Popular

PM Youth Laptop Scheme 2025: HEC Releases Merit List – Check Your Eligibility Online Now!

Improving Pakistan’s Response to Gender-Based Violence – A discussion on implementation of the Anti-Rape Act 2021.

Yinyleon & her husband most viewed amateurs 2022 on adult site.

Reckitt Benckiser (RB) & partners to revolutionize access of health & hygiene across 1 million rural households, backed by the UK Government

Mehwish Salman Ali Elected President of CxO Global Forum USA Chapter

Must Read

Arif Balgamwala,presents his research collection of rare tickets to the Consuls General of Vietnam, Indonesia,Oman and Sri Lanka at the My Karachi exhibition.
Karachi

Arif Balgamwala,presents his research collection of rare tickets to the Consuls General of Vietnam, Indonesia,Oman and Sri Lanka at the My Karachi exhibition.

August 4, 2024
NBP proudly supported the Pakistan Blind Cricket Council (PBCC) by sponsoring the Pakistan Blind Cricket Team’s participation in the recent Triangular Blind Cricket Series held in the UAE.
BANKING

NBP proudly supported the Pakistan Blind Cricket Council (PBCC) by sponsoring the Pakistan Blind Cricket Team’s participation in the recent Triangular Blind Cricket Series held in the UAE.

April 5, 2024
The Azb is a 24/7 online news platform that covers a wide range of topics including business, economics, technology, finance, travel, fashion, and lifestyle.

Quick Links

  • Home
  • About us
  • SCI-TECH
  • Live TV
  • Banking

Useful Links

  • Videos
  • Reviews
  • Advertorial
  • Photos
  • About us
  • Author
  • Home
  • Latest News
  • Partner
  • Privacy Policy
  • Russian Theatre Group Celebrates Fifth Anniversary in Pakistan.
  • Terms and Conditions
  • The Azb – More Than Just News
  • Contact

© Copyright 2024 theazb. All Rights Reserved.

No Result
View All Result
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION

© Copyright 2024 theazb. All Rights Reserved.