Bloomberg reports Meta will lay off 5 per cent staff
Washington, Jan 15: News reports say that social media company Meta Platforms is planning to cut 5 per cent of total staff this year by terminating staff based on performance and hiring new workers to replace them.
Bloomberg News reported that Meta CEO Mark Zuckerberg made the announcement in an internal note to employees, saying he wants to “raise the bar on performance management and move out low-performers faster".
Meta employs about 72,000 people, according to recent filings, so cutting 5 per cent of staff would amount to 3,600 people, Bloomberg said on Tuesday.
The Menlo Park, California-based company owns Facebook, Instagram, WhatsApp and Threads.
The company declined to comment Wednesday but said that Bloomberg's reporting was accurate.
Workers in the US who will be affected will be notified on February 10, while those in other countries will be informed later, Bloomberg said.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
RR beat RCB by six wickets in IPL
Guwahati (PTI): Blistering fifties by Vaibhav Sooryavanshi and Dhruv Jurel powered Rajasthan Royals to a six-wicket win over Royal Challengers Bengaluru in their IPL match here on Friday.
Sent in to bat, RCB rode on a fighting half-century by skipper Rajat Patidar (63) to post 201 for 8.
Virat Kohli (32), Romario Shepherd (22) and Venkatesh Iyer (29) also chipped in with useful contributions.
In reply, Sooryavanshi (78 off 26 balls) and Dhruv Jurel (81 not out off 43 balls) shared a 37-ball 108-run partnership for the second wicket to set the platform. Krunal Pandya (2/30) tried to bring them back with back-to-back wickets.
But Jurel, in the company of Ravindra Jadeja (24), completed the task with another 68-run stand, with two overs to spare.
For RR, Jofra Archer (2/33), Ravi Bishnoi (2/32) and Brijesh Sharma (2/37) took two wickets.
Brief scores:
Royal Challengers Bengaluru: 201 for 8 in 20 overs (Rajat Patidar 63; Jofra Archer 2/33, Ravi Bishnoi 2/32, Brijesh Sharma 2/37).
Rajasthan Royals: 202 for 4 in 18 overs (Vaibhav Sooryavanshi 78, Dhruv Jurel 80 not out; Krunal Pandya 2/30, Josh Hazlewood 2/44).
