Meta plans to cut 10% of workforce, or 8,000 jobs
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The social media giant plans to cut its workforce. But this difficult move could be exactly what the market needs to see to buy into the company's heavy spending plans.
Meta Platforms Inc. told staff today that it is planning to lay off about 8,000 employees, or roughly 10% of its workforce and cancel 6,000 open roles in an efficiency drive aimed at offsetting a massive surge in artificial intelligence spending.
Meta Platforms Inc. plans to cut 10% of workers, or roughly 8,000 employees, in an effort to boost efficiency and offset its heavy spending on artificial intelligence.
Montaka Global Investments, an investment management company, released its first-quarter 2026 investor letter. A copy of the letter is available to download here. The March quarter was dominated by Iran’s geopolitical conflict,
On April 21, Citizens analyst Andrew Boone reiterated a Market Outperform rating on the stock with a $900.00 price target.
Meta Platforms ( META) has confirmed to its employees that it will conduct job cuts next month and will close 6,000 open roles in an effort to increase efficiencies and offset heavy spending on its artificial intelligence ambitions.
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UBS Hikes Meta Platforms’ Target From $872 to $908: Is the GenAI Ad Revenue Machine Just Warming Up?
Meta Platforms (NASDAQ:META) stock just earned a strong endorsement from UBS, which raised its price target on shares from $872 to $908 while maintaining a Buy rating. The firm’s bull thesis centers on continued GenAI-driven ad revenue growth and expected upward EPS and valuation revisions through 2026.
Wall Street is drawing a line in the sand on Meta Platforms, and UBS just picked a side. The Swiss bank raised its price target on Meta Platforms (META) from $872 to $908 while maintaining a Buy rating,
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Here's Why Meta Platforms (META) Fell More Than Broader Market
In the latest trading session, Meta Platforms (META) closed at $659.15, marking a -2.31% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.41% for the day.
The Consumer Federation of America accused Meta of allowing scam advertisements to "proliferate on its platforms."
Meta Platforms Inc. (NASDAQ:META) is one of the top S&P 500 stocks by index weight. On April 16, Deutsche Bank touted Meta Platforms Inc. (NASDAQ:META) artificial intelligence investments aimed at enhancing the core advertising business. Consequently, the ...