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Meta (META) Shares Rise as Company Plans Deep Job Cuts to Fund Massive AI Expansion

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The Story

News Summary

  • Meta plans to cut up to 20% of its 79,000 employees, focusing on Reality Labs and sales teams, as part of cost containment amid heavy AI infrastructure investments exceeding $115bn through 2026.
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META price history

671.29 +6.22% over the displayed period

Advisor Snapshot

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