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Meta to lay off 5% of 'lowest performers'

The Economic Times on MSN · 9h

Meta following Microsoft footsteps? Why has Mark Zuckerberg decided to lay off 3,600 employees: Explained in 10 points

Facebook parent company Meta has announced another round of layoffs. Mark Zuckerberg is planning to fire 3,600 employees. This is not the first time when Meta has announced layoffs. CEO Mark Zuckerberg said the performance-based cuts are intended to ensure that the company has the "strongest talent" and is able to "bring new people in.

Barron's · 18h

Meta To Lay Off 3,600 Employees In Performance-based Cuts

Meta plans to dismiss approximately 3,600 employees identified as low performers and replace them with new hires, according to an internal memo reported by Bloomberg on Tuesday.

USA Today · 5h

Meta to lay off 5% of 'lowest performers', plans to hire for impacted roles

Zuckerberg had also called 2023 the "Year of Efficiency" as Meta announced its decision to eliminate around 10,000 roles.

Microsoft, AI

The Verge on MSN · 1d

Microsoft creates new AI engineering group led by former Meta executive

Microsoft is creating a new engineering group that’s focused on artificial intelligence. Led by former Meta engineering chief Jay Parikh, the new CoreAI – Platform and Tools division will combine Microsoft’s Dev Div and AI platform teams together,

Yahoo Finance · 1d

Microsoft Launches CoreAI Division: Ex-Meta Exec To Supercharge Copilot And AI Innovations

Microsoft Corp (NASDAQ:MSFT) announced the creation of a new engineering organization called CoreAI—Platform and Tools. This new division will bring together the Dev Div, AI Platform, and some key teams from the Office of the CTO (AI Supercomputer,

SiliconANGLE · 1d

Microsoft forms new AI engineering group led by Jay Parikh

Microsoft Corp. is forming a new engineering group that will be led by Jay Parikh, a former Meta Platforms Inc. executive who joined the company last year. Microsoft Chief Executive Officer Satya Nadella announced the move today in a note to employees.

17mon MSN

New Microsoft Program Gives Quantum Stocks Reprieve From Recent Losses

Key Takeaways Quantum stocks rallied Wednesday, a day after a Microsoft blog post called 2025 "the year to become ...

6d

The list of major US companies laying off staff in the new year, including Meta, Microsoft, and BlackRock

Companies have continued to cut jobs in 2025 after a wave of layoffs last year. Microsoft, BlackRock, and Ally are among ...

Meta cuts another 5% of global workforce

Meta will remove 5% of its existing workforce via performance-based terminations, according to an internal memo seen by ...

1don MSN

Microsoft forms new internal dev-focused AI org

Microsoft has created a new engineering org aimed at accelerating AI infrastructure and software development within the ...

5h

Meta's Instagram down for thousands of users in the US, Downdetector shows

Meta Platforms's Instagram was down for thousands of users in the U.S. on Wednesday morning, according outage tracking ...

5don MSN

Google, Microsoft each donating $1M to Trump’s inaugural fund

The two major tech companies are just the latest to donate to Trump’s inaugural fund — joining Meta, Amazon and the chief ...

4hon MSN

The crazy ride in quantum computing stocks continues as shares rip higher on Microsoft's 'quantum ready' directive

Microsoft announced a program to help businesses prepare for the advent of the quantum computing era. Azizirad said this is ...

20hon MSN

Meta to trim 5% of its workforce, focusing on underperformers — Mark Zuckerberg says the move will "raise the bar" on performance management

Meta will make performance-based cuts, slated to impact approximately 5% of its workforce based on performance. The company ...

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