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Story summary
- Meta Platforms, Inc. (social-media company) plans to lay off 10% of its workforce, 8,000 employees, starting May 20, 2026.
- The cuts reflect a tech trend, with Amazon and Block trimming staff for AI efficiency.
- More layoffs are expected later this year, though details remain undecided.
- Meta's CEO Mark Zuckerberg is investing heavily in artificial intelligence to reshape operations.
- Meta posted over $200 billion in revenue and a $60 billion profit.
