{"id":998592,"date":"2026-03-17T11:32:38","date_gmt":"2026-03-17T06:02:38","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=998592"},"modified":"2026-03-17T11:32:38","modified_gmt":"2026-03-17T06:02:38","slug":"mark-zuckerbergs-tech-firm-metas-shares-jump-on-report-of-plans-to-cut-20-or-more-of-workforce","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/03\/17\/mark-zuckerbergs-tech-firm-metas-shares-jump-on-report-of-plans-to-cut-20-or-more-of-workforce\/","title":{"rendered":"Mark Zuckerberg&#8217;s tech firm Meta&#8217;s shares jump on report of plans to cut 20% or more of workforce"},"content":{"rendered":"<p>Meta Platforms shares rose nearly 3% on Monday after a Reuters report that the social media giant plans to lay off 20% or more of its workforce to offset heavy spending on artificial intelligence and bet on productivity gains from the technology.<\/p>\n<p>If Meta settles on the 20% figure, the cuts will be the biggest since a late 2022 and early 2023 restructuring it dubbed the &#8220;year of efficiency&#8221;, which eliminated around 21,000 jobs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Meta Platforms shares rose nearly 3% on Monday after a Reuters report that the social media giant plans to lay off 20% or more of its workforce to offset heavy spending on artificial intelligence and bet on productivity gains from the technology. If Meta settles on the 20% figure, the cuts will be the biggest since a late 2022 and early 2023 restructuring it dubbed the &#8220;year of efficiency&#8221;, which eliminated around 21,000 jobs.<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[55,13,4],"tags":[],"class_list":["post-998592","post","type-post","status-publish","format-standard","hentry","category-it-2-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/998592","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=998592"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/998592\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=998592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=998592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=998592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}