Layoffs could affect 5 percent of the workforce as its CEO seeks to “raise the bar on performance management,” according to a memo viewed by The Post.

Meta will soon lay off more “low-performers” across the company, according to an internal memo from CEO Mark Zuckerberg that was shared by a source at the company. “I’ve decided to raise the bar on performance management and move out low-performers faster,

Meta CEO Mark Zuckerberg said the parent company of Facebook and Instagram is cutting roughly 5% of its workforce, or 3,620 employees