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Meta begins third round of layoffs: reports

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Meta Platforms Inc. has started to execute on its latest round of layoffs, according to reports.

The third round of cuts is part of a plan that Meta META Chief Executive Mark Zuckerberg announced in March in an effort to further slash costs at the social-media company. He said at the time that Meta would lay off about 10,000 workers while closing roughly 5,000 additional roles for which the company had yet to make hires.

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