Meta Plans Fresh Layoffs Starting May, AI Strategy in Focus [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Yahoo! Finance
d8nn / Shutterstock.com On April 17, Reuters reported that Meta Platforms, Inc. (NASDAQ:META) is preparing to begin a new round of layoffs on May 20, with more cuts likely to follow later in the year. The report cited three sources familiar with the plans. In the first phase, the company is expected to reduce about 10% of its global workforce, or close to 8,000 employees, according to one source. Additional layoffs are being discussed for the second half of the year. The timing and size are still unclear. The sources said plans could shift depending on how artificial intelligence capabilities develop in the coming months. A month earlier, Reuters reported that the company had been considering cuts of 20% or more. Meta did not comment on the timing or scope of the planned layoffs. CEO Mark Zuckerberg continues to invest heavily in AI, committing large sums as he works to reshape the company around the technology. Similar moves have been seen across the US tech sector this year.
Show less
Read more
Impact Snapshot
Event Time:
META
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
META alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
META alerts
High impacting Meta Platforms, Inc. - Class A news events
Weekly update
A roundup of the hottest topics
META
News
- Meta plans to slash roughly 8,000 jobs next month: report [FOX Business Network]FOX Business Network
- Meta's New AI Model Can Drive the Stock to Fresh Highs [Yahoo! Finance]Yahoo! Finance
- Musk's Latest Announcement: SpaceX, Grok and What It Means for Investors [Yahoo! Finance]Yahoo! Finance
- Meta To Unleash First Wave Of Mass Layoffs May 20 As It Eliminates 10% Of Its Workers [zero hedge]zero hedge
- Want to Invest $1,000 in SpaceX? Here's What History Has to Say. [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
META
Earnings
- 1/28/26 - Beat
META
Sec Filings
- 4/17/26 - Form 4
- 4/16/26 - Form ARS
- 4/16/26 - Form DEFA14A
- META's page on the SEC website