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Wajeeh Khan

Meta Platforms Almost Slashed 60% of Jobs in AI Push. What Comes Next for META Stock.

Meta

Meta Platforms (META) shares are in focus on Aug. 26 after Reuters disclosed new details about CEO Mark Zuckerberg’s ambitious plan to restructure the firm around artificial intelligence (AI).

The report said META considered cutting some teams by as much as 60% as part of the initiative, although it ultimately laid off just 10% of its workforce in May and abandoned a planned second wave of job cuts.

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