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Reuters report

A security guard stands watch by the Meta sign outside the headquarters of Facebook parent company Meta Platforms Inc in Mountain View, California, U.S. November 9, 2022. REUTERS/Peter DaSilva
Mar 16, 2026

Meta shares jump after Reuters report on plans for layoffs of 20% or more

Meta Platforms plans to cut 20% or more of its workforce to offset heavy AI spending, aiming for significant cost savings and productivity gains, Reuters reports.

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