Microsoft and Meta have announced significant layoffs, affecting over 3,600 employees at Meta as part of a 5% workforce reduction. Microsoft is also implementing cuts across several departments. Both companies cite a need for improved performance management as a key driver behind these decisions, reflecting broader challenges within the tech industry as 2025 approaches.
In a concerning trend for the tech industry, giants Microsoft and Meta have announced significant job cuts. By the end of this performance cycle, approximately 3,600 employees at Meta will face layoffs as the company implements a workforce reduction of 5%. Microsoft is also making cuts in various departments, including security and sales, marking a challenging start to the year for tech employment.
Microsoft’s layoffs began with notifications issued to employees in its security unit, responding to a report indicating these reductions are relatively small, although exact figures have not been disclosed. This decision is separate from previous reports regarding underperforming staff cuts. Meanwhile, Meta’s CEO, Mark Zuckerberg, revealed plans to reduce the workforce by 10% and implement rapid performance management measures.
Zuckerberg detailed in an internal memo the company’s commitment to raising performance standards and expediting the exit process for underperforming employees, stating, “I’ve decided to raise the bar on performance management and move out low-performers faster.” While the company remains optimistic about certain employees’ futures, they will not be managed out unless performance issues are evident.
Meta assured that employees affected by the layoffs will receive generous severance packages. The ongoing reductions at both tech firms reflect a broader trend within the industry, suggesting that a warmer job market in 2025 may be an unrealistic expectation based on current developments. As these cuts unfold, the outlook for employment in the tech sector appears increasingly bleak.
In summary, the announcements from Microsoft and Meta signal a troubling phase for the technology sector, as both companies unveil extensive layoffs. Meta is set to let go of 3,600 employees, equating to 5% of its workforce, while Microsoft has initiated job cuts across several departments. These actions highlight a shift towards more stringent performance management, possibly indicating continued challenges ahead in the tech employment landscape.
Original Source: 80.lv
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