Mark Zuckerberg is taking aim at Meta's low performers. The CEO told employees to prepare for an "intense year" in an internal memo announcing staff cuts.

Chief Executive Mark Zuckerberg said the cuts are necessary as the company builds ‘the most important technologies in the world.’

CEO Mark Zuckerberg has also warned employees about more such job cuts this year to 'raise the bar' on performance management.

The move comes just after Mark Zuckerberg announced Meta would eliminate fact-checking.

Meta Platforms plans to cut roughly 5% of its worst-performing employees this year with the intent of hiring new people to fill their roles, a company spokesperson told Barron’s. Bloomberg reported the news earlier,

Facebook's parent business, Meta Platforms, intends to rehire the affected roles later this year but will lay off about 5% of its employees owing to poor performance.