Meta Platforms, Inc. is laying off nearly 3,000 employees, affecting almost 5 per cent of its workforce tomorrow, February 10, reported the news portal Moneycontrol, citing a memo obtained by Business Insider.

Meta CEO Mark Zuckerberg had previously hinted at job cuts, stating that the company was raising performance standards.

Meta Platforms plans to carry out its expected company-wide layoffs this week while pushing ahead with the expedited hiring of machine learning engineers, it told staffers in internal memos seen by Reuters.

Facebook owner Meta Platforms plans to carry out its expected company-wide layoffs next week while pushing ahead with the expedited hiring of machine learning engineers, it told staffers in internal memos seen by Reuters on Friday.

Meta, the parent company of Facebook, plans to proceed with its anticipated company-wide layoffs next week, while also accelerating the hiring of machine learning engineers, according to internal memos shared with staff and accessed by the news agency Reuters on Friday.

Meta sent employees an internal memo on Friday outlining what to expect as the tech giant implements its latest round of layoffs affecting 5% of its 72,000-person workforce, around 3,000 employees. A memo obtained by Business Insider and posted to Meta's internal Workplace forum by Vice President of Human Resources Janelle Gale said that employees affected by the performance-based cuts will be notified Monday morning through an email sent to their work and personal email addresses.