Meta Says Expects To Cut Around 490 Full-time Jobs In Ireland, Almost 20% Of Its Irish Workforce
Portfolio Pulse from Benzinga Newsdesk
Meta Platforms Inc. plans to cut around 490 full-time jobs in Ireland, which is nearly 20% of its Irish workforce.
May 24, 2023 | 1:07 pm
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Meta Platforms Inc. is cutting around 490 full-time jobs in Ireland, representing a 20% reduction in its Irish workforce.
The job cuts may negatively impact Meta's stock price in the short term as investors may perceive this as a sign of cost-cutting measures or potential operational issues. Additionally, it may raise concerns about the company's growth and stability in the region.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100