Meta up nearly 3% in premarket as it plans mass layoff to offset increased AI spending
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Source: CNBC
Published: 2026-03-16 21:43 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Technology & AI, Economy & Finance, Financial Markets, Tax & Budget, Business & Economy
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Snippet:
Meta stock was on the up before U.S. markets opened on Thursday following reports the company is planning to lay off over 20% of its workforce to balance its staggering AI spending plans this year.
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