16 Mar 2026 | 5 Mins Read
Meta shares rise nearly 3% on "speculative" reports of planned layoffs
Flipitmoney
Meta's shares rose 2.7% in pre-market trading after reports of a potential 20% workforce layoff to balance AI spending. The company employed nearly 79,000 employees as of December 2025, and a 20% cut could affect over 15,000 workers, dwarfing the 11,000 job cuts in late 2022. Meta's move follows AI-linked job cuts at other tech firms, including a 4,000-strong layoff at Block in February.