The Economic Times

Why Meta stock is rising after reports say hundreds will lose jobs across key divisions - here's which teams are impacted and what Meta plans to do next

Meta stock price today: Meta is reducing its workforce by several hundred employees across various departments. This move comes as the company significantly increases its investment in artificial intelligence. Some affected employees are being offered new roles. Meta is also introducing a new stock incentive plan for its top executives to retain leadership during this strategic shift towards AI.