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flag Meta considers cutting 20% of workforce to manage AI costs, shares rise.

flag Meta shares rose nearly 3% on Monday after a Reuters report revealed the company is considering cutting 20% or more of its workforce to manage rising artificial intelligence expenses and improve efficiency. flag The potential layoffs, which would be the largest since the 2022–2023 restructuring, have not been officially confirmed. flag Investors responded positively, viewing the move as a strategic step to boost long-term profitability despite concerns over the impact on employees.

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