Bay Area tech giant Meta intends to cut thousands of workers, as Mark Zuckerberg announced plans to cull "low-performers" quickly this year and then backfill.

Facebook and Instagram parent Meta Platforms plans to lay off about 5% of its workforce, with CEO Mark Zuckerberg warning of an “intense” year ahead. Meta had roughly 72,000 people, so a 5% reduction would mean a loss of 3,

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,

Chief Executive Mark Zuckerberg said the cuts are necessary as the company builds ‘the most important technologies in the world.’

It was such a busy week for Meta that even the most steadfast Zuckerberg news junkies might have missed some of his transformative decisions. Here's a recap of all the changes a man with the net worth of over $200 billion made to one of the most powerful and influential tech companies in the world just a week before Trump takes office.

After visiting President-elect Donald J. Trump in November, Mr. Zuckerberg decided to relax Meta’s speech policies. He asked a small team to carry out his goals within weeks. The repercussions are just beginning.

Meta employed around 72,000 people, meaning the 5% reduction could impact roughly 3,600 jobs. Zuckerberg emphasized the need to "raise the bar on performance management and move out low-performers faster.