Meta will cut thousands of employees in the latest move for the controversial company that owns platforms like Facebook and Instagram, according to reports. An internal memo sent to Meta workers said five percent of low-performing employees will be terminated,

CEO Mark Zuckerberg has also warned employees about more such job cuts this year to 'raise the bar' on performance management.

Meta will cut about 5% of its workforce, focusing on getting rid of low-performing employees at the social media giant.

Meta is planning to lay off 5% of its workers, a total of more than 3,600 employees, as the company continues its focus on artificial intelligence and smart glasses.