Facebook parent company Meta has announced another round of layoffs. Mark Zuckerberg is planning to fire 3,600 employees. This is not the first time when Meta has announced layoffs. CEO Mark Zuckerberg said the performance-based cuts are intended to ensure that the company has the "strongest talent" and is able to "bring new people in.

Meta plans to dismiss approximately 3,600 employees identified as low performers and replace them with new hires, according to an internal memo reported by Bloomberg on Tuesday.

Meta Platforms plans to dismiss nearly 3,600 employees identified as low performers and replace them with new hires, according to an internal memo

Meta will remove 5% of its existing workforce via performance-based terminations, according to an internal memo seen by Bloomberg. I’ve decided to raise the bar on performance management and move out low performers faster,” Mark Zuckerberg said in the memo.

Meta's recently announced cuts come after several restructuring efforts by the social media giant in recent years.

Meta, the parent company of Facebook and Instagram, is cutting the lowest-performing 5% of its workforce and plans to fill those roles later this year, the company said in a memo.

Meta is planning to slash roughly 5% of its staff this year in a move aimed at weeding out under-performers, CEO Mark Zuckerberg revealed on Tuesday. In a memo to employees on Meta’s internal message board,

Meta specified that it is “exiting approximately 5% of our lowest performers” in a separate message posted by a company director.