Stock Market
Meta Stock Rises After Report of More Layoffs
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Shares of Facebook-parent
Meta Platforms
were rising Tuesday after a report said the company will cut more jobs than previously announced.
Meta
(ticker: META) is planning another round of layoffs as soon as this week, Bloomberg reported, citing unidentified people familiar with the matter. That comes on top of the 13% workforce reduction from November, equivalent to some 11,000 employees.
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