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'Won't Rule Out Further Job Cuts': Meta CEO Says Higher Capex Behind Layoffs

Meta intends to lay off about 10 per cent of its workforce on May 20, with additional cuts planned for the second half of the year.

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Published: 1 May 2026
'Won't Rule Out Further Job Cuts': Meta CEO Says Higher Capex Behind Layoffs
Meta intends to lay off about 10 per cent of its workforce on May 20, with additional cuts planned for the second half of the year.

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