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,

Meta’s plan to achieve 10% “non-regrettable" attrition by the end of the current performance cycle led to the 5% jobs cut

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.