Layoffs could affect 5 percent of the workforce as its CEO seeks to “raise the bar on performance management,” according to a memo viewed by The Post.

And now, Meta is joining the fray with plans to make performance-based cuts, slated to impact approximately 5% of its workforce based on performance. According to an internal memo exclusively obtained by Bloomberg, Meta CEO Mark Zuckerberg indicated:

Meta will soon lay off more “low-performers” across the company, according to an internal memo from CEO Mark Zuckerberg that was shared by a source at the company. “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 Platforms will trim about 5% of its "lowest performers" and plans to hire for the impacted roles this year, a company spokesperson said on Tuesday.

Mark Zuckerberg said Meta plans to make more extensive performance-based cuts." Staff have questioned how they will work in practice.

Meta Platforms Inc. is planning to cut about 5% of its lowest performers with the intent of backfilling their roles this year, according to an internal memo sent to employees. “I’ve decided to raise the bar on performance management and move out low-performers faster,

Meta employed around 72,000 people, meaning the 5% reduction could impact roughly 3,600 jobs. Zuckerberg emphasized the need to "raise the bar on performance management and move out low-performers faster.