Meta plans to cut about 5% of its lowest performers with the intent of backfilling their roles this year, according to an internal memo sent to employees (Riley Griffin/Bloomberg)

Riley Griffin / Bloomberg:
Meta plans to cut about 5% of its lowest performers with the intent of backfilling their roles this year, according to an internal memo sent to employees  —  Meta Platforms Inc. is planning to cut about 5% of its lowest performers with the intent of backfilling their roles this year, according to an internal memo sent to employees.