Meta plans to dismiss approximately 3600 employees identified as low performers and replace them with new hires, according to an internal memo reported by Bloomberg on Tuesday.
The company, which owns Facebook, Instagram and WhatsApp, confirmed to AFP that CEO Mark Zuckerberg’s decision will affect 5% of its workforce.
Meta had approximately 72400 employees as of September.
“I’ve decided to raise the bar on performance management and move out low-performers faster,” Zuckerberg said.
The CEO said the performance-based cuts were intended to ensure that the company had the “strongest talent” and was able to “bring new people in.”