Meta to fire 5% of lowest performers, Zuckerberg says 'I've raised the bar'
Facebook, Instagram and WhatsApp owner Meta plans to fire 5% of its lowest performers, Bloomberg reported. "I've decided to raise the bar on performance management and move out low-performers faster," Meta CEO Mark Zuckerberg told employees. "We manage out people who aren’t meeting expectations over the course of a year...but we'll do more extensive performance-based cuts this cycle," he added.