Meta Cuts 5% of Workforce to 'Move Out Low-Performers,' Zuckerberg Says
The parent company of Facebook and Instagram is cutting 3,620 jobs Mark Zuckerberg (Credit: Getty Images) 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
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