Meta to cut 5% of workforce

Bloomberg reports that Meta will lay off 5% of staff
News reports say that social media company Meta Platforms is planning to cut 5% of total staff this year by terminating staff based on performance and hiring new workers to replace them.
Meta To Cut 5% Of Workforce: Reports
Meta Platforms (META) is reportedly planning to reduce its workforce by approximately 5%. According to CNBC, the company is
Meta to cut 5% of workforce based on performance
CEO Mark Zuckerberg has also warned employees about more such job cuts this year to 'raise the bar' on performance management.
Meta to Cut Roughly 5% of Staff, Targeting Lowest Performers
Meta Platforms Inc. is cutting roughly 5% of its staff through performance-based terminations and plans to hire new people to fill their roles this year, according to an internal memo sent to all employees.
Meta Plans to Cut 5% of Its Worst-Performing Employees This Year
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,
Zuckerberg Targets Underperformers: Inside Meta's Latest 5% Workforce Cut
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.

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