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00:02Meta will cut approximately 5% of its workforce, focusing on low performers.
00:06CEO Mark Zuckerberg confirmed in a memo. The company plans to notify affected
00:10employees by February 10th and provide severance based on prior layoffs.
00:14Meta employs more than 72,000 people and has made similar cuts in the past.
00:19The company is positioning itself for an intense year, with plans to continue growing in AI
00:23and other key technologies. The move follows operational changes within Meta aimed at
00:28strengthening its relationship with President-elect Donald Trump.
00:30For all things money, visit Benzinga.com slash GSTV.
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