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Meta Reportedly Plans to Sack at Least 20% of Workforce
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Meta (META.US) is planning massive layoffs that could affect at least 20% of its workforce, Reuters reported, citing people familiar with the matter. This move aims to offset the substantial investments in AI infrastructure and prepare for increased efficiency with AI assistance. Meta's executives have reportedly communicated the layoff plans to other senior management and instructed them to start formulating cost-cutting strategies. However, the exact date and scale of the layoffs have not yet been finalized. A Meta spokesperson responded that this is a speculative report. AASTOCKS Financial News Website: www.aastocks.com |
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