The layoffs will remove 5 percent of Meta's workforce as an effort to 'move out low performers faster' in preparation for 'an intense year,' said CEO Mark Zuckerberg.

Facebook and Instagram parent Meta Platforms plans to lay off about 5% of its workforce, with CEO Mark Zuckerberg warning of an “intense” year ahead. Meta had roughly 72,000 people, so a 5% reduction would mean a loss of 3,

The layoffs come as Mark Zuckerberg pushes to remake his company for the Trump era and prepares to co-host a gala for the president-elect’s inauguration.

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

In an internal memo shared on Tuesday, Zuckerberg said he's raising the bar on performance management to "move out low performers faster."

Meta plans to dismiss approximately 3,600 employees identified as low performers, representing 5  per cent of its workforce, and hire new talent in their place, according to an internal memo reported by Bloomberg.