Meta to Lay Off 5 Percent of Its ‘Lowest Performers’

The 5 percent reduction means roughly 3,600 employees will be let go.

The Facebook and Instagram apps on the screen of an iPhone in San Anselmo, Calif., on Oct. 4, 2021. Justin Sullivan/Getty Images

Meta plans to cut about 5 percent of its “lowest performers” and hire for the impacted roles this year, a company spokesperson said on Tuesday.

CEO Mark Zuckerberg has also warned employees about more such job cuts this year to “raise the bar” on performance management, the spokesperson said.