Meta CEO Mark Zuckerberg has announced sweeping layoffs of what he refers to as "low-performers." According to an internal company-wide memo obtained by Bloomberg, the Facebook owner is cutting around five percent of its staff based on performance.

Zuckerberg warns he will cut ‘low performers’ as he looks to fire up to 5 percent of Meta staff: Report - Meta boss reportedly told staff that the company was looking to ‘move out low-performers faster’.

As he argued that content moderation on Facebook and Instagram has “gone too far,” Meta’s Mark Zuckerberg sported an oversized black t-shirt, a gold chain and a luxury Greubel Forsey watch,

A well-placed venture capitalist helping craft Trump’s tech policy told NYNext that for the first time in years, “I don’t know anyone going to Davos.”

News reports say that social media company Meta Platforms is planning to cut 5% of total staff this year by terminating staff based on performance and hiring new workers to replace them. Bloomberg News reported that Meta CEO Mark Zuckerberg made the announcement in an internal note to employees,

The world’s three wealthiest people are expected to pop up in Washington, D.C., for Donald Trump’s inauguration and surrounding events—joining a long list of other billionaire attendees.

Meta is planning to slash roughly 5% of its staff this year in a move aimed at weeding out under-performers, CEO Mark Zuckerberg revealed on Tuesday. In a memo to employees on Meta’s internal message board, Zuckerberg indicated that the company would hire new workers this year to replace the ousted employees.

Mark Zuckerberg is taking aim at Meta's low performers. The CEO told employees to prepare for an "intense year" in an internal memo announcing staff cuts.

Facebook and Instagram parent Meta Platforms plans to lay off about 5% of its workforce, with CEO Mark Zuckerberg warning of an "intense" year ahead.

Bloomberg reviewed the internal memo explaining the cuts, which was posted to Meta's internal Workplace forum Tuesday. In it, Zuckerberg confirmed that Meta was shifting its strategy to "move out low performers faster" so that Meta can hire new talent to fill those vacancies this year.

Financial writer discusses Warren Buffett's sales of Apple Inc., Zuckerberg's criticism, and the impact on AAPL's stock post-Trump's victory. Click for our updated.