Meta stock was on the up before U.S. markets opened on Thursday following reports the company is planning to lay off over 20% of its workforce to balance its staggering AI spending plans this year. While the timing and details of the cuts had not been finalized, top executives at the tech giant told senior leaders to start making plans to reduce headcount, three anonymous sources familiar with the matter told Reuters in an article published on Saturday. Its shares were last up 2.7% in premarket