Meta Axes Thousands More Workers in Second Mass Layoff Round

Meta has asked its North America-based employees to work from home as it prepares for a second round of layoffs.
Meta's managers have been told that announcements on the layoffs will be made soon.
Meta became the first Big Tech company to announce a second round of mass layoffs in March, affecting 10,000 employees.
The layoffs have prompted expressions of frustration from employees who say it has "shattered" morale.
Despite the restructuring, Meta's shares have surged about 80 percent this year, outperforming the tech-heavy Nasdaq Composite's 16 percent rise in the period.