Meta to lay off 3,600 employees in performance-based cuts
NEW YORK Meta plans to dismiss approximately 3,600 employees identified as low performers and replace them with new hires, according to an internal memo reported by Bloomberg. The company, which owns Facebook, Instagram and WhatsApp, confirmed to AFP that CEO Mark Zuckerberg's decision will affect 5 percent of its workforce. Meta had approximately 72,400 employees as of September. "I've decided to raise the bar on performance management and move out low-performers faster," Zuckerberg said. The
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