Dhaka, Feb. 10 -- Meta Platforms, the parent company of Facebook, has started a series of performance-based layoffs today, targeting approximately 5% of its global workforce.

This move is part of CEO Mark Zuckerberg's strategy to "raise the bar" on performance and streamline operations.

Layoff Details

Affected employees are being notified via their work and personal emails, detailing severance packages. Access to company systems is revoked within an hour of notification. In the United States, notifications began at 5 a.m. Pacific Time.

Due to local labour regulations, employees in Germany, France, Italy, and the Netherlands are exempt from these immediate cuts and will follow local performance management processes instead.

Meta to in...