Meta to chop 5% of workforce as Zuckerberg decides to ‘raise the bar' on performance
1. Meta plans to cut 5% of its workforce, notifying affected employees soon. 2. Performance-based job cuts were revealed by Zuckerberg earlier this month. 3. Affected employees will receive severance packages via email before losing access. 4. European employees in specific countries are exempt from these cuts. 5. The company aims to improve performance management by removing low-performers.