2026-04-18 18:01:43
Meta Stock Rises 1.73% as Company Plans 8,000-Job Layoff Starting May 20
Meta Platforms plans to cut about 8,000 jobs, or 10% of its workforce, starting May 20, despite rising stock prices. The company, with over $200 billion in revenue, is focusing on AI investments amid significant restructuring, aligning with industry trends of layoffs.