Mark Zuckerberg plans to lay off an additional five percent of Meta's workforce

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."<br /> “I’ve decided to raise the bar on performance management and move out low-performers faster,” Zuckerberg said in the memo. “We typically manage out people who aren’t meeting expectations over the course of a year, but now we’re going to do more extensive performance-based cuts during this cycle.”<br /> All told, this could result in 10 percent fewer staff at Meta, once attrition is accounted for. Bloomberg suggested that the forthcoming pink slips will focus on people “who have been with the company long enough to receive a performance rating.”<br /> B [...]