Meta plans to reduce its workforce by 5% by laying off its lowest-performing employees, with the intention of recruiting for these roles in 2025. CEO Mark Zuckerberg emphasized the company's focus on efficiency and performance management, with potential further cuts this year.

Meta has already undergone restructuring efforts in recent years, cutting 11,000 jobs in 2022 and announcing 10,000 more cuts in 2023. Zuckerberg’s net worth is currently $204.1 billion, with a salary of $1, alongside significant "other compensation" for security and private jet use.

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