From StockTwits: 2025-02-10 00:04:06

Meta Platforms, Inc. plans to lay off approximately 3,703 employees, which amounts to 5% of its workforce. The company, led by Mark Zuckerberg, will begin notifying employees worldwide starting at 5 a.m. local time on Monday. These cuts are being referred to as “performance terminations.” Employees in certain European countries will not be impacted due to local regulations. Meta’s post-COVID-19 restructuring began in 2022 and included layoffs of 10,000 employees. The company reported strong fourth-quarter results but saw its stock dip after issuing revenue guidance below expectations. Despite this, Meta’s stock has performed well in 2024. Retail sentiment toward Meta remains bearish, with some users citing technical analysis indicating potential downside. The stock closed Friday at an all-time high of $714.52.



Read more at StockTwits: Retail Mood Depressed As Stock Trades In Record Territory