Facebook to fire 15 percent of workforce in ‘quiet layoffs’

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According to a Business Insider report, Mark Zuckerberg instructed in an internal review process that at least 15% of teams be labelled as “needs support.” The restructuring could result in the layoff of 12,000 Facebook employees.

The potential layoffs were revealed last week in an anonymous post by a Meta employee. “These 15% will most likely be placed on PIP (performance improvement plan) and let go,” said a Meta employee. As Meta struggles to reverse revenue declines, Instagram will push more ads to users. According to Facebook’s internal review process, an employee labelled as “needs support” is considered underperforming and placed on a PIP, which usually results in the employee’s termination.

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Facebook to fire 15 percent of workforce in ‘quiet layoffs’

According to a Business Insider report, Mark Zuckerberg instructed in an internal review process that at least 15% of teams be labelled as “needs support.” The restructuring could result in the layoff of 12,000 Facebook employees.

The potential layoffs were revealed last week in an anonymous post by a Meta employee. “These 15% will most likely be placed on PIP (performance improvement plan) and let go,” said a Meta employee. As Meta struggles to reverse revenue declines, Instagram will push more ads to users. According to Facebook’s internal review process, an employee labelled as “needs support” is considered underperforming and placed on a PIP, which usually results in the employee’s termination.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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