US Stock Movement | Meta rises 2.5% in premarket trading, reportedly planning large-scale layoffs that may involve 20% of its employees

2026-03-16 12:34:25

Gelonghui, March 16 | Meta (META.US) pre-market up 2.5%, trading at $628.49. According to reports, Meta is planning to initiate large-scale layoffs, potentially affecting 20% or more of its employees, involving approximately 16,000 jobs. The company aims to offset its high investments in artificial intelligence and prepare for further efficiency gains brought by AI-assisted employees. If finalized, this will be the largest round of layoffs since Meta’s restructuring plan from late 2022 to early 2023. (Gelonghui)

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