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.
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Deeply distressed by loss of lives in Odisha hospital fire incident: President Murmu
New Delhi (PTI): President Droupadi Murmu on Monday condoled the loss of lives in the fire incident at a hospital in Odisha and prayed for a speedy recovery of the injured.
At least ten patients were killed after a major fire erupted in an ICU in Odisha government-run SCB Medical College and Hospital, Cuttack, in the wee hours of Monday, Chief Minister Mohan Charan Majhi said.
"Deeply distressed by the loss of lives in the tragic fire incident at a hospital in Cuttack, Odisha. My heartfelt condolences to the bereaved families. I wish a speedy recovery to those injured," Murmu said in a post on X.
