Meta Stock Price Jumps as Mark Zuckerberg Announces 11,000-Plus Job Cuts

  • 📰 WSJ
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 63%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Shares of Facebook parent Meta rose in premarket trading after founder Mark Zuckerberg said the social-media company would cut more than 11,000 jobs

Follow The Wall Street Journal’s full markets coverage.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Mpedi86 😳 capitalism is wild man. I understand share holders want a payday but damn

NoMercy

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Facebook parent Meta begins mass layoffs of 11,000 workers as Mark Zuckerberg says 'I take responsibility'Massive layoffs at Meta Platforms Inc. began Wednesday, offering a slight boost to the social-media company's beaten-down stock future Gop Not like anyone thought it wasn’t your fault Mark.
Source: MarketWatch - 🏆 3. / 97 Read more »

Facebook parent company Meta laying off 11,000 employees, 13% of workforce, Zuckerberg announcesFacebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg said in a letter to employees Wednesday. MattHaneySF get zuckerbergs people the ones you chased out Where is lisabloom with the lawsuit? NEWS_MAKER Any protests or investigations? Didn’t think so.
Source: abc7newsbayarea - 🏆 529. / 51 Read more »

Meta to cut 11,000 jobs as Zuckerberg commits to 'long-term' metaverse visionThe move comes just weeks after a punishing earnings report which showed losses for the year topping $9.4 billion.
Source: TheBlock__ - 🏆 464. / 53 Read more »

WSJ News Exclusive | Meta’s Mark Zuckerberg Says He Is Accountable as Company Preps for Mass LayoffsBreaking: Mark Zuckerberg said Meta layoffs will start Wednesday, telling executives he was overoptimistic about growth, people familiar with the matter say He should lay himself off for this huge Meta sized black hole and let the rest of the company run itself Zuck is following Elon's financial advisor В. ГАЙФУЛЛИН, ПУТИНУ: ЭТО ПРАВИТЕЛЬСТВО КАК БЛОХИ НА ДОХЛОЙ КОШКЕ
Source: WSJ - 🏆 98. / 63 Read more »