Internal Meta memo tells managers how performance-based job cuts will work

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• Meta plans to cut 5% of low-performing employees.
• The cuts are part of a strategy to improve performance.
• Meta aims for 10% nonregrettable attrition, combining last year's and this year's targets.

A memo from one of Meta's human-resources executives explained to managers on Tuesday how the company's performance-based job cuts would work in the coming weeks.

Hillary Champion, Meta's director of people development growth programs...