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." "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." All told, t...