Meta, the parent company of Facebook, will conduct 'performance terminations' this week and cut roughly 5% of its staff.

It’s also important that the management team understands the business rationale, severance details and structure for the next steps. Ideally, managers will have approved talking points so that the message is consistent across departments and with other audiences, such as the media and investors.

Facebook's parent company Meta made headlines this week for laying off 5% of its workers. While many big companies justify cuts by saying they need to trim costs or restructure to meet the changing future of their business.