Meta expected to lay off 5 percent of workforce ahead of 'intense year'

Meta is planning to lay off about 5 percent of its workforce by targeting the company's lowest performers in preparation for what CEO Mark Zuckerberg said will be an "intense year."

Zuckerberg, in an internal memo to employees Tuesday, said he made the choice to "raise the bar on performance management and move out low-performers faster."

The memo was first reported by Bloomberg. A Meta spokesperson confirmed Bloomberg's report, while emphasizing Zuckerberg told employees...