Meta is set to begin its previously announced workforce reduction on Monday (Feb. 10). The company told staff on Friday (Feb. 7) that those who are laid off will be cut off from Meta's internal system within an hour and notified about their severance packages via email, The Information reported Friday.
Meta Platforms (META 0.35%) stock has been in fine form on the market over the past three years, delivering healthy gains of 116% to investors and outperforming the 37% increase in the Nasdaq Composite index during the same period.
Impacted employees will receive notifications via their personal and work emails on Monday, according to an internal memo.
Facebook owner Meta Platforms plans to carry out its expected company-wide layoffs next week while pushing ahead with the expedited hiring of machine learning engineers, it told staffers in internal memos seen by Reuters on Friday.
Meta Platforms Inc. (META) is a big-time player in social media, advertising, and now AI.
Facebook owner Meta Platforms on Friday urged a U.S. appeals court to uphold a $725 million nationwide class action settlement with users who accused the company of violating their privacy.
Meta is set to notify employees impacted by its performance-based job cuts on Monday. A leaked internal memo from an HR executive on Friday told staffers what to expect as cuts begin.
As Meta Platforms (META) reaches new all-time highs, Rick Ducat looks at standard deviation studies to show levels to watch on the chart. In terms of options trading, he points to open interest in the 720, 740, 700 calls and the 700, 690, 650 puts.
While there has been some recent volatility in the sector, technology stocks are still one of the best places to invest long-term. Whether it's DeepSeek introducing a vastly less expensive large language model (LLM) artificial intelligence (AI) interface that creates doubt about levels of spending on AI or it's a war of tariffs between rival nations that could affect revenue levels, the factors causing price volatility in tech stocks right now are likely to be temporary.
Four years after Facebook changed its corporate name to Meta after the metaverse, which it believed was the next big thing in tech, the tech giant looks to be ready to pull the plug on this money pit.
Shares of Meta Platforms (META 1.33%) were among the winners last month. The social media stock took off after the inauguration, benefiting from a potential TikTok ban, the company's increasingly cozy relationship with President Donald Trump, news of increased investment in artificial intelligence (AI), and even the DeepSeek revelation.
Meta Platforms Inc. META has been on a tear, surging 55% over the past year, 17.6% year-to-date, and 11.85% in the last month.