Facebook app owner Meta Platforms said it has launched worldwide job cuts potentially affecting thousands of workers.

Social media company Meta Platforms has begun efforts to reduce its current staff by 5% and start fresh with new workers.

Meta has initiated another round of performance-based job cuts after announcing it via an internal memo last month. As Bloomberg reports, US-based employees being laid off were notified via email on Feb.

The social media giant has said it's taking a tougher stance on underperforming employees.