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.

The CEO of Meta, Mark Zuckerberg, informed his employees through a memo about the decision to cut approximately 5% of its workforce this year. The entrepreneur warned that 2025 will be an intense year.

Meta is planning to cut about 5% of its workforce, with a specific focus on the company's lowest-performing employees.