Meta following Microsoft footsteps? Why has Mark Zuckerberg decided to lay off 3,600 employees: Explained in 10 points

Meta layoffs: Facebook parent company Meta has announced another round of layoffs. Mark Zuckerberg is planning to fire 3,600 employees. This is not the first time when Meta has announced layoffs. CEO Mark Zuckerberg said the performance-based cuts are intended to ensure that the company has the "strongest talent" and is able to "bring new people in." Various other tech companies such as Microsoft, Amazon have also announced layoffs.