Another day, another round of big changes at Meta: The parent company of Facebook and Instagram is cutting roughly 5% of its workforce — or 3,620 employees — as it looks to “move out low-performers faster,” according to a memo from CEO Mark Zuckerberg that was obtained by Bloomberg on Tuesday.
Zuckerberg said the cuts are coming after he “decided to raise the bar” on performance” at his company.
“This is going to be an intense year, and I want to make sure we have the best people on our teams,” Zuckerberg said.
The 40-year-old Meta founder said employees who are laid off will be notified starting on February 10.