Layoffs could affect 5 percent of the workforce as its CEO seeks to “raise the bar on performance management,” according to a memo viewed by The Post.

Chief Executive Mark Zuckerberg said the cuts are necessary as the company builds ‘the most important technologies in the world.’

Meta will soon lay off more “low-performers” across the company, according to an internal memo from CEO Mark Zuckerberg that was shared by a source at the company. “I’ve decided to raise the bar on performance management and move out low-performers faster,

It was such a busy week for Meta that even the most steadfast Zuckerberg news junkies might have missed some of his transformative decisions. Here's a recap of all the changes a man with the net worth of over $200 billion made to one of the most powerful and influential tech companies in the world just a week before Trump takes office.

After visiting President-elect Donald J. Trump in November, Mr. Zuckerberg decided to relax Meta’s speech policies. He asked a small team to carry out his goals within weeks. The repercussions are just beginning.

Meta employed around 72,000 people, meaning the 5% reduction could impact roughly 3,600 jobs. Zuckerberg emphasized the need 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.