will lay off 10 percent of ’s staff this week as the company embarks on the first mass job cuts in its 18-year history, an analyst has predicted.The founder, 38, is planning ‘large-scale’ job losses that could total around 8,700 employees after the company's profits slumped and nearly $80billion was wiped from their value.Analyst Gene Munster, a managing partner at Loup, which invests in Meta, said the staff cuts would be the largest by any of the big tech companies.
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