International Companies

Meta said to consider cutting 20% of workforce, shares rally

By Michele Maatouk

Date: Monday 16 Mar 2026

(Sharecast News) - Meta shares jumped in early trade on Monday following a report the Facebook owner is looking to lay off around 20% of its workforce.
According to a Reuters report late on Friday, citing three sources familiar with the matter, ‌Meta is looking to offset costly artificial intelligence infrastructure...

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