More Layoffs For Meta Platforms (META) & Amazon (AMZN)

Meta Platforms’ Mark Zuckerberg stated that the social media company is not ruling our future workforce reductions as 10K workers will be laid off starting next week. In the past, the META stock price has reacted well to this news. Also, Amazon (AMZN) plans to restructure the Whole Foods corporate staff and will reduce operating regions from 9 to 6. Is this the result of all of the bulk hiring that happened during the pandemic? Next, Jeff Pierce weighs in on Freeport-McMoRan (FCX) and SLB (SLB) earnings reports.