Bloomberg reviewed the internal memo explaining the cuts, which was posted to Meta's internal Workplace forum Tuesday. In it, Zuckerberg confirmed that Meta was shifting its strategy to "move out low performers faster" so that Meta can hire new talent to fill those vacancies this year.

Meta is set to have layoffs starting off the year, and this is to expand more of their AI development as per its CEO.

Meta's recently announced cuts come after several restructuring efforts by the social media giant in recent years.

Meta is preparing for even more layoffs, according to reporting by Bloomberg. CEO Mark Zuckerberg said in a company memo that he plans on cutting about five percent of its "low-performers." “I’ve decided to raise the bar on performance management and move out low-performers faster,

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

Meta has made numerous company-wide shifts in preparation for President-elect Donald Trump’s impending return to the White House next week.

Facebook and Instagram parent Meta Platforms plans to lay off about 5% of its workforce, with CEO Mark Zuckerberg warning of an “intense” year ahead. Meta had roughly 72,000 people, so a 5% reduction would mean a loss of 3,