Meta is slashing 5% of its workforce, targeting low performance. The layoffs could impact 3,600 employees. Affected employees are expected to be notified by Feb. 10. Meta plans to cut 5% of its workforce,

Meta is planning to cut about 5% of its workforce, with a specific focus on the company's lowest-performing employees.

Meta Platforms Inc. is cutting roughly 5 percent of its staff through performance-based terminations and plans to hire new people to fill their roles this year, according to an internal memo sent to all employees “I’ve decided to raise the bar on performance management and move out low-performers faster,