<h1>Meta to Lay Off 5% of Workforce, 3,600 Employees, Based on Performance; New Hires to Follow for Replacements.</h1> Meta Platforms plans to lay off 5% of its workforce, approximately 3,600 employees, based on performance evaluations while hiring new staff to replace them. This decision, announced by the company's CEO in an internal memo, aims to enhance performance management by expediting the removal of low-performing employees. Meta, which owns Facebook, Instagram, WhatsApp, and Threads, confirmed the accuracy of Bloomberg's report but declined further comment. Affected employees in the US will be notified on February 10, with notifications in other countries to follow.