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Meta Platforms, on Monday, kickstarted the process to terminate “low-performing” employees by notifying the job cuts as it scours for new talent to dominate the AI race.
Meta notified laid-off employees via email and is providing severance packages to US-based staff, according to Bloomberg News, citing confidential sources. The severance includes 16 weeks of base pay, plus an additional two weeks for each year of service. Employees eligible for performance bonuses will still receive them, and stock awards will be granted as part of the upcoming…
