Meta shares climb 3.23% premarket March 16, 2026 on report of 20%+ layoffs

Meta Platforms, Inc. (META) rose 3.23% in premarket trading on March 16, 2026 to $633.01 after closing at $613.71. The move followed a Reuters report that Meta is weighing layoffs affecting 20% or more of its roughly 79,000 employees as it seeks to offset rising AI infrastructure spending, including a $600 billion data-center commitment through 2028.