Meta, the parent company of Facebook, will conduct 'performance terminations' this week and cut roughly 5% of its staff.

Social media company Meta Platforms has begun efforts to reduce its current staff by 5% and start fresh with new workers.

Following Meta CEO Mark Zuckerberg’s mid-January warning to employees about raising performance standards and cutting 5% of the workforce, recent layoffs impacting approximately 3,600 workers have generated controversy.