'Meta's next round of layoffs will start next week' -The Verge
Portfolio Pulse from Benzinga Newsdesk
Meta Platforms, Inc. is set to begin its next round of layoffs next week, according to The Verge. The company is expected to cut business roles as it continues to restructure its operations.
May 19, 2023 | 5:30 pm
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Meta Platforms, Inc. (META) is expected to begin its next round of layoffs next week, targeting business roles as part of its ongoing restructuring efforts.
The news of layoffs at Meta Platforms, Inc. is likely to have a negative short-term impact on the company's stock price. Investors may perceive the layoffs as a sign of internal issues or financial struggles, leading to a decrease in stock price. Additionally, the restructuring efforts may cause uncertainty about the company's future direction and performance.
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