Meta plans to cut another 5 pct of lowest performers

SAN FRANCISCO, Jan. 14 (Xinhua) -- U.S. Social media giant Meta is planning to cut about 5 percent of staff it considers to be its lowest performers, according to a Bloomberg report on Tuesday.

An internal memo sent to staff by chief executive Mark Zuckerberg said he had "decided to raise the bar on performance management" in order to "move out low-performers faster," the report said.