Meta plans to lay off 3,600 employees, or 5% of its workforce, to "raise the bar on performance."

Meta, the parent company of Facebook, Instagram, and WhatsApp, plans to lay off about 5% of its workforce, or 3,600 employees, focusing on low performers. CEO Mark Zuckerberg aims to "raise the bar on performance management" and replace those let go with new hires later this year. The layoffs are part of the "Year of Efficiency," where the company is also investing in AI and streamlining operations.

2 months ago
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