Yazılar

Meta Set to Announce Layoffs on Monday, Internal Memo Circulated

/in /tarafından

Meta Platforms, the parent company of Facebook, has confirmed plans to carry out company-wide layoffs next week, as revealed in internal memos shared with staff on Friday. The company is expected to send notifications to employees affected by the layoffs starting at 5 a.m. local time on Monday in various countries, including the United States. Meta has made it clear that these cuts are part of a broader strategy to trim down its workforce, focusing particularly on “low performers,” a move previously announced by the company. Alongside these layoffs, Meta is accelerating its recruitment of machine learning engineers, indicating a shift towards prioritizing AI expertise.

According to the memo from Meta’s Head of People, Janelle Gale, employees in certain countries, including Germany, France, Italy, and the Netherlands, will not be impacted by the layoffs due to local labor regulations. However, employees in other regions, including parts of Europe, Asia, and Africa, will receive their notifications between February 11 and February 18. The company’s decision to proceed with layoffs in these countries while maintaining operations in others highlights the complexities of managing a global workforce under varying legal constraints.

The layoffs will affect approximately five percent of Meta’s employees, particularly those deemed as “lowest performers.” Despite the cuts, Meta has committed to backfilling some of the positions, although specific details regarding the number of roles being reinstated or the timeline for these rehiring efforts remain unclear. The announcement comes as Meta continues to refocus its priorities, with machine learning and AI emerging as key areas of investment for the company moving forward.

In a departure from previous mass layoffs, Meta will not be shutting down its offices on Monday and will not issue further updates about the terminations, according to Gale’s memo. This approach signals a more structured, perhaps less disruptive method of handling the cuts, as Meta seeks to navigate its workforce changes while continuing its operations. The company’s decision to keep the offices open suggests a desire to maintain normalcy during the announcement, despite the ongoing restructuring process.

to Implement Layoffs While Expediting AI Engineer Hiring

/in /tarafından

Meta Platforms, the parent company of Facebook, is preparing for company-wide layoffs next Monday, as indicated in internal memos reviewed by Reuters. The layoffs, affecting around 5% of employees deemed “lowest performers,” will begin at 5 a.m. local time in many regions, including the U.S. However, workers in Germany, France, Italy, and the Netherlands will be exempt from the cuts due to local regulations. Notifications for employees in other countries, including those across Europe, Asia, and Africa, will be issued between February 11 and February 18.

Meta has confirmed that it intends to backfill some of the positions lost during the layoffs, particularly in critical areas such as machine learning engineering. This push for hiring new talent aligns with Meta’s 2025 priorities. Despite the layoffs, Meta plans to keep its offices open on Monday, without issuing further updates on the decisions, according to a memo from Head of People, Janelle Gale.

The expedited hiring process for machine learning engineers and other vital roles will take place between February 11 and March 13. VP of Engineering for Monetization Peng Fan emphasized the importance of staff support in meeting these hiring goals.

Workday Announces Layoffs of 1,750 Jobs Amid AI Investment Push

/in /tarafından

Workday, a leading human capital management company, has announced plans to cut approximately 1,750 jobs, or 8.5% of its workforce, in an effort to allocate resources toward artificial intelligence (AI) development. This move is part of Workday’s strategy to adapt to a challenging macroeconomic environment, with high interest rates impacting tech budgets.

The news triggered a 4% jump in the company’s shares during premarket trading. CEO Carl Eschenbach emphasized that these layoffs are a necessary step to focus on AI investments and expand Workday’s global presence.

The human capital management industry is currently dealing with slower spending from enterprise clients, further complicating the business landscape. Workday expects to incur between $230 million and $270 million in charges due to the layoffs, with $60 million to $70 million recognized in the fourth quarter. As of January 31, the company employed roughly 18,800 people.

The company is facing increased competition as the industry consolidates. Recently, Paychex announced its acquisition of Paycor for $4.1 billion, and ADP purchased WorkForce Software for $1.2 billion.

Despite the layoffs, Workday is optimistic about its financial performance. The company expects its fourth-quarter and full-year financial results to meet or exceed previous forecasts, with subscription revenue expected to reach $7.70 billion for the year and $2.03 billion for the fourth quarter, aligning with analyst predictions. Workday also plans to close certain office spaces as part of its cost-reduction measures, with the initiatives expected to be completed by the second quarter of fiscal 2026.