Zuckerberg Targets Meta's Top Brass In Planned Job Cuts As His Wealth Hits $181B, Stock Price Soars
Portfolio Pulse from Chris Katje
Meta Platforms (NASDAQ:META) is planning further job cuts, particularly targeting its vice presidents, as part of its 'year of efficiency' goals. The company aims to reduce the number of vice presidents from 300 to 250. Despite these cuts, Meta's stock has been performing well, up 87% over the last year and 43% year-to-date in 2024.
June 13, 2024 | 2:31 pm
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Meta Platforms is planning to cut the number of vice presidents from 300 to 250 as part of its 'year of efficiency' goals. Despite these cuts, Meta's stock has been performing well, up 87% over the last year and 43% year-to-date in 2024.
The planned job cuts are part of Meta's ongoing efforts to improve efficiency, which has been positively received by investors. The stock's strong performance over the last year and year-to-date suggests that the market views these efficiency measures favorably.
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