Tech giant Meta announced plans to lay off approximately 3,600 employees, representing 5% of its workforce, to improve overall performance and reduce costs.
Zuckerberg emphasized a shift towards high-performance management, asserting that low performers will be moved out to ensure the company has the strongest talent.
The decision to reduce workforce again follows earlier layoffs and reflects ongoing financial struggles, particularly within Meta's Reality Labs division, which has been incurring losses.
This shift in strategy coincides with a broader cost-cutting effort by Meta, which hopes to regain efficiency after a period of expansive growth during the pandemic.
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