Meta puts 5% jobs in the chopping block based on performance, around 3,600 cuts and rehires on cards, says report

Facebook parent Meta Platforms is cutting around 5 per cent or 3,600 jobs based on performances and will hire for the roles, according to a Bloomberg citing an internal note to employees from CEO Mark Zuckerberg. Employees being impacted will receive notifications by February 10, it added.

The memo sent to all employees by Zuckerberg said, “I’ve decided to raise the bar on performance management and move out low-performers faster.”