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CNBC's Cramer says he cannot confirm that Meta (META) is cutting 20% of its workforce, via CNBC

Newsquawk Staff ·

CNBC's Cramer says he cannot confirm that Meta (META) is cutting 20% of its workforce, via CNBC.

What it means

Cramer's inability to confirm a major workforce reduction at Meta suggests uncertainty surrounding the company's operational strategy. This kind of speculation can lead to volatility in Meta's stock price, impacting market sentiment in the tech sector and the broader indices. Investors will likely monitor for further clarification or official communications from Meta management.

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