Meta Platforms Inc., led by CEO Mark Zuckerberg, announced it will lay off about 5% of its workforce, targeting low performers. This move, part of ongoing restructuring efforts, follows previous rounds of layoffs over the past few years. The company aims to replace these positions while adjusting its operational strategies, particularly in light of an anticipated Trump administration. Employees will be notified of their status by February 10, 2025, and will receive severance packages.