HomeTechEquipmentMeta Platforms (META) Announces Layoffs

Meta Platforms (META) Announces Layoffs

Meta Platforms (META) announces layoffs. META is planning to reduce the workforce in the Facebook Agile Silicon team. JPMorgan cut META’s price target to $400 from $425. The analyst remains positive but reduced the 2024 and 2025 earnings estimates and highlights that META increased 2024 expenses estimated to $97.5B from $93.4B. Jeff Pierce discusses this story. Tune in to find out more about the stock market today.

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04 Oct 2023

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