Bloomberg reviewed the internal memo explaining the cuts, which was posted to Meta's internal Workplace forum Tuesday. In it, Zuckerberg confirmed that Meta was shifting its strategy to "move out low performers faster" so that Meta can hire new talent to fill those vacancies this year.

Zuckerberg said that the cuts were intended to make room to “bring new people in".

Meta's recently announced cuts come after several restructuring efforts by the social media giant in recent years.