Meta To Cut 3,600 Jobs, Targeting Lowest Performers

Meta is cutting roughly 5% of its staff through performance-based eliminations and plans to hire new people to fill their roles this year, according to a company memo. From a report: As of September, Meta employed about 72,000 people, so a 5% reduction could affect roughly 3,600 jobs. "I've decided to raise the bar on performance management and move out low-performers faster," Chief Executive Officer Mark Zuckerberg said in the note posted to an internal message board and reviewed by Bloomberg N