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Why Meta is cutting 8,000 jobs despite record $26.8B profit

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Meta just wrapped one of the most profitable quarters in its history. The company pulled in $56.31 billion in revenue and $26.8 billion in net income during the first quarter of 2026. Three weeks later, it is preparing to hand out approximately 8,000 layoff notices. For employees watching those two facts exist side by side, […] The post Why Meta is cutting 8,000 jobs despite record $26.8B profit appeared first on Rolling Out .

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