Meta is making news again, but for the wrong reasons. The year is seemingly off to a rocky start, with major tech corporations announcing performance-based job cuts across their workforces. Last week, Microsoft announced performance-based job cuts across its departments, including the security division. The job cuts will reportedly impact less than 1% of Microsoft's workforce.
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:
