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Meta Platforms to Lay Off Thousands This Week

By
Martin Peers
and
Sylvia Varnham O'Regan
· · Source: The Wall Street Journal

Meta Platforms will start laying off thousands of employees, the Wall Street Journal reported on Sunday , a sign of just how much the ad market slowdown is forcing the Facebook owner to cut costs. The Journal said the layoffs could be the largest of any major tech company this year. On Friday, Twitter laid off about half its staff, or 3,700 people, while several other tech firms including...

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