<ul><li>Meta, the parent company of Facebook and Instagram, is implementing performance-based layoffs starting Monday.</li><li>The layoff process will be implemented in waves across different regions, starting with Asia-Pacific and ending with North and Latin America.</li><li>Impacted employees will receive notification emails and severance details. Around 5% of Meta's 'lowest performers' will be let go.</li><li>Meta aims to realign its team by hiring machine learning engineers and other critical engineers while focusing on strategic goals such as the metaverse and artificial intelligence.</li></ul>

Meta to Begin Layoffs Monday: Internal Memo Reveals Performance-Based Cuts

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