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Meta's Stock Soars as Layoffs of 20% Loom: What’s Next?

The Hindu

Meta Platforms' shares rise nearly 3% as reports suggest potential layoffs of 20% or more to boost productivity and manage AI spending. What’s next?

Meta shares surge nearly 3% amid layoff speculation.

Potential 20% job cuts could save $6 billion for the company.

AI-related layoffs hit over 61,000 globally since November.

Meta's AI model Avocado struggles to meet performance expectations.

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