Microsoft and Meta are set to lay off thousands of employees as part of restructuring efforts. Microsoft will initiate small layoffs in various departments, while Meta plans to cut about 3,600 jobs, representing 5% of its workforce. CEO Mark Zuckerberg has emphasized swift action against underperformers. Both companies assure that severance packages will be provided to those affected.
Tech giants Microsoft and Meta are implementing significant job cuts amidst ongoing industry challenges. Microsoft has commenced layoffs across various departments including security and sales, though the company has described the cuts as “small” without revealing precise numbers. Concurrently, Meta announced plans to reduce its workforce by approximately 3,600 employees, equating to about 5% of its total personnel, as part of a strategy outlined by CEO Mark Zuckerberg in an internal memo.
Meta’s workforce reduction is part of a broader strategy to enhance performance management and expedite the dismissal of underperforming staff. Zuckerberg specified that low performers would now be terminated more rapidly than in previous years, with the reduction anticipated to affect those undergoing performance reviews. Despite these necessary adjustments, Meta assures that those impacted shall receive “generous severance” packages.
As the new year progresses, the outlook for employment in the tech sector appears grim, counter to hopes for a revival in 2025. The recent decisions by these prominent companies signal continuing turmoil in the industry, raising concerns about the future of job security for technology professionals.
The recent announcements from Microsoft and Meta reveal significant downsizing plans, affecting thousands of employees across both companies. As they aim to tighten performance standards and manage costs, the tech industry faces further uncertainty regarding job stability. The outlook for employment opportunities remains bleak, challenging the optimism for recovery in the near future.
Original Source: 80.lv
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