Name: Meta Platforms (META) Announces Layoffs
Uploaded: 2023-10-04T15:53:48.642
Duration: 3 min 15 s

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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.

Meta Platforms (META) Announces Layoffs

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