Meta to lay off 3,600 low performers, focuses on AI and innovation

Meta, the parent company of Facebook, Instagram, and WhatsApp, plans to lay off around 3,600 employees who are identified as low performers, according to an internal memo reported by Bloomberg. CEO Mark Zuckerberg described the decision as a step to “raise the bar on performance management and move out low-performers faster” as the company forges ahead in building out AI-powered services and immersive devices.