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Fortune

Diane Brady

Karma is a powerful weapon in the war for talent

Mark Zuckerberg Meta Diane Brady

Mark Zuckerberg smiling (Credit: Chris Unger—Zuffa LLC via Getty Images)

In today’s CEO Daily: Diane Brady on Mark Zuckerberg and layoffs at Meta.
The big story: Musk v Altman.
The markets: All-time highs in sight.
Analyst notes from Bank of America, JP Morgan, and Convera.
Plus: All the news and watercooler chat from Fortune.

Good morning. I’ve been thinking a lot lately about the value of compassion in leadership. Meta began laying off 5% of its workforce yesterday, some 3,600 people. CEO Mark Zuckerberg said the goal is to “move out low-performers faster.” Salesforce is also laying off staff, as are other companies. Most are citing AI or restructuring as the rationale for cutting jobs.

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