View of LG Group headquarters in Yeouido, Seoul. /Courtesy of LG Group

Meta will lay off about 5% of employees with low performance next month and will hire new personnel to fill those positions.

According to Bloomberg and others on the 14th (local time), Meta recently informed all employees that it plans to reduce about 5% of its workforce based on performance and stated, "We plan to hire new personnel to fill those positions this year."

Mark Zuckerberg, CEO of Meta, said, "We decided to raise performance management standards and to terminate low-performing employees more quickly," adding, "We typically use a one-year standard, but this time we will have more performance-based layoffs."

In a memo sent to managers, Zuckerberg noted that this is "to ensure the company secures the strongest talent and can attract new talent."

Zuckerberg also mentioned that this year will be an "intense" year focused on artificial intelligence (AI), smart glasses, and the future of social media, admitting it may be a difficult year facing many challenges.

According to Bloomberg, as of September last year, Meta employed about 72,000 people. The media reported that this layoff policy is expected to affect 3,600 employees.

A Meta representative informed local media that affected employees will receive notification by the 10th of next month. Zuckerberg stated that employees will receive severance compensation consistent with what the company previously provided.

CNBC interpreted, "This decision comes amid several significant operational changes Meta is implementing to build close ties with President-elect Donald Trump."

Zuckerberg announced on the 7th that the company would abolish third-party fact-checking to identify 'fake news' on its platforms in the U.S. and would introduce the 'Community Notes' function used by Elon Musk's X (formerly Twitter).