As of September, Meta employed about 72,000 people, so a 5 percent reduction could affect roughly 3,600 jobs. “I’ve decided to raise the bar on performance management and move out low-performers faster,” chief executive Mark Zuckerberg said in the note posted to an internal message board and reviewed by Bloomberg News.

Meta Platforms Inc is cutting about 5 percent of its staff through performance-based terminations and plans to hire new people to fill their roles this year, an internal memo sent to all employees said. As of September last year, Meta employed about 72,000 people, so a 5 percent reduction could affect about 3,600 jobs.

CEO Mark Zuckerberg has also warned employees about more such job cuts this year to 'raise the bar' on performance management.

Meta, the owner of Facebook, Instagram and WhatsApp, is preparing to cut about 5% of its global workforce, as the company looks to drop "low performers faster". In a memo to staff, boss Mark Zuckerberg said he had made the decision to speed up the firm's regular performance-based cuts in anticipation of an "intense year".

Meta's annual performance-based job cuts strategy aims to boost employee standards, increase non-regrettable attrition, and remove lowest performers.