Instagram owner Meta to axe 3,600 lowest-performing staff ahead of 'intense year'
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Meta Platforms Inc plans to cut 5% of its workforce, approximately 3,600 roles, targeting low-performing staff. This move is part of a strategy for an 'intense year' ahead.
January 14, 2025 | 8:30 pm
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Meta Platforms Inc is planning to cut 5% of its workforce, approximately 3,600 roles, focusing on low-performing staff. This is part of a strategy for an 'intense year' ahead.
The planned layoffs of 3,600 low-performing staff by Meta Platforms Inc are likely to be viewed positively by investors as a cost-cutting measure, potentially improving operational efficiency. This aligns with the company's strategy for an 'intense year', suggesting a focus on performance and productivity.
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IMPORTANCE 80
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