Bloomberg reviewed the internal memo explaining the cuts, which was posted to Meta's internal Workplace forum Tuesday. In it, Zuckerberg confirmed that Meta was shifting its strategy to "move out low performers faster" so that Meta can hire new talent to fill those vacancies this year.

Mark Zuckerberg said Meta plans to make more extensive performance-based cuts." Staff have questioned how they will work in practice.

Meta will cut about 5% of its workforce, focusing on getting rid of low-performing employees at the social media giant.

Meta is preparing for even more layoffs, according to reporting by Bloomberg. CEO Mark Zuckerberg said in a company memo that he plans on cutting about five percent of its "low-performers." “I’ve decided to raise the bar on performance management and move out low-performers faster,

Meta Platforms (META) is reportedly planning on cutting 5% of its workforce as the technology giant looks to continue CEO Mark Zuckerberg’s dramatic overhaul.