The layoffs will remove 5 percent of Meta's workforce as an effort to 'move out low performers faster' in preparation for 'an intense year,' said CEO Mark Zuckerberg.

The upcoming job cuts are part of Meta's plan to reach a 10% "non-regrettable" attrition rate by the end of the current performance cycle. This number also includes an estimated 5% from 2024 alone. The layoffs will mostly impact employees who have been with Meta long enough to get a performance review and are considered underperforming.

Meta owner Mark Zuckerberg has announced a massive layoff in the beginning of the year and will be firing a total of 3,600 employees to 'bring new people in'.