Meta could make performance-based job cuts an annual practice, leaked memo suggests

Meta's Performance-Based Job Cuts Strategy - Meta is implementing a strategy to increase non-regrettable attrition and remove the lowest performers to raise employee performance standards [1][2] - The company plans to finalize workforce cuts of about 5% by February 10 for US-based employees, with international notifications occurring later [1] - Meta may make performance-based job cuts an annual occurrence, as indicated in an internal FAQ document [4] Employee Compensation and Benefits - Employees impacted by performance reviews will still receive their February 15, 2025 vesting, any due dividends, and eligible bonuses [3] - Location will not influence employee ratings or termination risk, ensuring fairness in the review process [3] Communication and Transparency - The internal FAQ document, shared by Hillary Champion, Meta's director of people development growth programs, directly addresses the possibility of annual performance-related layoffs [4] - Meta is committed to a culture of high performance and is transparent about its plans to move faster in removing low performers [1]