Meta cut its workforce by 12% to 66,000 employees and beat revenue forecasts for the third quarter
Meta's third-quarter revenue grew 26% to $64.6 billion, exceeding analysts' expectations. Headcount fell 12% to about 66,000 after summer layoffs affecting roughly 10% of staff. The company raised the lower end of its capital expenditure guidance to $135 billion and announced the issuance of Class C shares in January 2027.
Sevara Azamova


