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Market
Will Meta's stock price rise by 10% by February 28, 2025, after workforce reduction announcement?
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Stock market data from financial platforms like Bloomberg or Yahoo Finance
Story
Meta, Led by Mark Zuckerberg, Plans to Cut Approximately 5% of Lowest-Performing Employees, Memo Reveals
Jan 14, 2025, 03:22 PM
Meta Platforms Inc. is reportedly planning to reduce its workforce by cutting approximately 5% of its lowest-performing employees, according to a memo that has surfaced. This decision aligns with ongoing efforts by the company, led by CEO Mark Zuckerberg, to streamline operations and enhance productivity amidst a challenging economic environment. The memo indicates that this reduction could affect a notable number of employees, although the exact figure has not been disclosed. The news has been confirmed by multiple sources, including Reuters.
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