Meta plans to slash roughly 8,000 jobs next month: report [FOX Business Network]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: FOX Business Network
Meta is preparing to cut thousands of jobs as early as next month, with deeper layoffs expected later this year, according to a report. The tech giant intends to slash roughly 10% of its global workforce — or nearly 8,000 employees — in an initial round of cuts on May 20, sources told Reuters. The company is also planning additional layoffs in the second half of the year, though details including timing and scope remain unclear, the outlet reported. The report follows earlier Reuters reporting that Meta was weighing cuts that could affect at least 20% of its workforce as it seeks to offset rising artificial intelligence costs. When reached by FOX Business, Meta declined to comment. Previously, a Meta spokesperson told FOX Business the earlier Reuters report was "a speculative report about theoretical approaches." The cuts come as Meta looks to offset the cost of AI infrastructure and streamline operations with AI-assisted workers. CEO Mark Zuckerberg has invested billio
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 Fresh Layoffs Starting May, AI Strategy in Focus [Yahoo! Finance]Yahoo! Finance
- 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