Thousands of Meta employees to be laid off, company says

MENLO PARK, Calif. -- Meta employees on Monday will find out if they are being laid off as part of a new round of performance-based job cuts.

Affected workers will be notified by email.

Last month, Facebook's parent company said it planned to cut 5% of its workforce.

That's over 3,000 people.

Meta officials say workers who are considered to be the "lowest performers" are being let go.

The Silicon Valley-based company plans to back-fill the positions later this year.