Meta Laying Off More Than 11,000 Employees 

Mark Zuckerberg, CEO of Meta, announced in a letter to staff on Wednesday

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the company would be laying off 13% of its workforce, or more than 11,000.

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Today I'm sharing some of the most difficult changes we've made in Meta's history

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On Wednesday morning, Meta stock was up about 7.7 percent.

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Facebook parent company Meta provided lukewarm guidance for its upcoming fourth-quarter earnings

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scaring off investors and causing its shares to drop nearly 20%.

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