(KRON) — Previously announced layoffs for Facebook parent company Meta are set to begin Monday. Last month, Meta CEO Mark Zuckerberg announced plans to trim the company’s workforce by 5 percent.
The layoffs, according to Zuckerberg, would target “low-performers.” The layoffs will amount to roughly 3,600 people losing their jobs, according to a Bloomberg report.
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“I’ve decided to raise the bar on performance management and move out low-performers faster,” said Zuckerberg in an internal memo cited by Bloomberg. “We typically manage out people who aren’t meeting expectations over the course of the year, but now we’re going to do more extensive performance-based cuts during this cycle.”
Layoff notices for U.S.-based Meta employees are expected to start going out Monday. Workers in other countries, according to Bloomberg, will be informed at a later date.
Zuckerberg reportedly told staff that employees who lose their jobs will receive “generous severance” in line with past job cuts.
The Meta layoffs are the latest in an ongoing wave of Bay Area tech layoffs. Already this year, Salesforce, Workday, and Cruise have announced significant job cuts.
