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It has been reported that social media giant Meta will terminate 5% of its employees based on performance and will hire new employees to replace those who are laid off. NOTE FROM ZUCKERBERG TO EMPLOYEES: THIS YEAR WILL BE BUSYAccording to reports in the US press, Mark Zuckerberg, the CEO of Meta, which owns Facebook, Instagram, and WhatsApp, indicated in a note sent to company employees that this year will be busy and stated that he wants to ensure that the best employees are in the teams. DECISION TO LAY OFFZuckerberg expressed that he has decided to raise the bar in performance management and to remove those who are underperforming, stating that they will proceed with performance-based layoffs and intend to refill the vacant positions in 2025. GENEROUS SEVERANCE PAYZuckerberg noted that if they are optimistic about future performances, they will not lay off everyone who does not meet expectations, and they will provide "generous" severance pay to the personnel whose employment is terminated. Zuckerberg stated that notifications will be made on February 10 to those affected by the layoffs, and that employees outside the US will be informed later. 5% OF COMPANY EMPLOYEES WILL BE AFFECTEDAccording to reports in the US press based on a Meta executive's statement, 5% of the company's employees will be affected by the layoffs.
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