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Facebook parent company Meta is laying off around 5% of its workforce, according to an internal memo obtained by Bloomberg.
"I’ve decided to raise the bar on performance management and move out low-performers faster," CEO Mark Zuckerberg said in the memo.
With 72,000 employees as of September, the cuts amount to around 3,600 jobs.
Read more from Bloomberg.
Good Pizza Co. settled into a semipermanent home at Metro Eats; Trinity Electric Co. was acquired; and Cantrell Real Estate relocated.