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Meta will cut around 5% of its lowest performers, an internal memo shows
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Meta will cut around 5% of its lowest performers and then backfill their roles later this year, according to an internal memo sent to employees.
“I’ve decided to raise the bar on performance management and move out low-performers faster,” Chief Executive Officer Mark Zuckerberg said in the memo. “We typically manage out people who aren’t meeting expectations over the course of a year, but now we’re going to do more extensive performance-based cuts during this cycle.”
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Zuckerberg said he’s preparing employees for what he expects to be an “intense year”.