The tech giant is cutting thousands of employees in a round of performance-based layoffs. Here’s why that could cost Meta, say some experts. When Meta broke the news of layoffs to employees this week—on the heels of major changes to its content moderation and DEI policies—the tech giant used the term “non-regrettable attrition” to describe its approach,

In today's big story, Meta is looking to quickly get rid of low performers with companywide cuts as it prepares for what Mark Zuckerberg says will be an "intense year." What's on deck Markets: The saga of finding Jamie Dimon's replacement takes another twist.

Social media giant Meta plans to replace around 5% of its staff this year, US media reported on Tuesday, citing an announcement by founder and chief executive Mark Zuckerberg to employees. As part of the restructuring,