WASHINGTON (AP) — Meta CEO Mark Zuckerberg is cohosting a reception with billionaire Republican donors next week for Donald Trump’s inauguration, the latest sign of the Facebook founder’s embrace of the president-elect.

The seats of honor reflect the friendly position the three richest men in the world have taken toward the second Trump administration.

They will be sitting on the dais during the swearing-in as Silicon Valley leaders aim to make inroads with Trump, who attacked Big Tech during his first presidency.

Meta will cut thousands of employees in the latest move for the controversial company that owns platforms like Facebook and Instagram, according to reports. An internal memo sent to Meta workers said five percent of low-performing employees will be terminated,

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