Mark Zuckerberg's tech firm Meta's shares jump on report of plans to cut 20% or more of workforce

Meta is reportedly planning to cut 20% or more of its workforce, which would be the largest layoffs since its 2022-2023 'year of efficiency' restructuring that eliminated 21,000 jobs. The stock market reacted positively to the news, highlighting how mass layoffs are rewarded by investors in the tech industry.