0 0.000239148630874007 0.00026306349396153 0.000502212124835536 0.00167404041611859 0.00119574315437044 0.00119574315437044 0.00119574315437044
Sign Up Today X
Thanks for submitting the form.
Stockreport

Meta to lay off 10% of workforce in AI push [Yahoo! Finance]

Microsoft Corporation (MSFT)  More Company Research Source: Yahoo! Finance
Last microsoft corporation earnings: 4/29 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: microsoft.com/en-us/investor
Meta said Thursday that it will lay off about 10% of its workforce in a move to artificial intelligence. File Photo by Terry Schmitt/UPI April 23 (UPI) -- Meta, the parent company of Facebook and Instagram, plans to lay off 10% of its workforce worldwide -- about 8,000 people -- and focus on artificial intelligence, an employee memo said Thursday. The first round of layoffs is expected to start May 20, with more coming later in the year. The memo also said Meta will not hire people for 6,000 open roles, CNBC reported. The company had earlier chopped about 1,500 workers this year in its Reality Labs division, USA Today reported. It said at the time that it was moving from its "metaverse" business model to a focus on Meta Superintelligence Labs. There were more layoffs in March, when the company got rid of hundreds of workers in Facebook and other units and shifted other roles, including moderation, to AI. This is part of a big and growing trend in tech companies worldwide. Micr [Read more]
IMPACT SNAPSHOT EVENT TIME: MSFT
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 (SHARES)
TICKS
AVG SHARES PER TRADE
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
Opt-in for
MSFT alerts
from News Quantified
MSFT
NEWS
MSFT
Earnings
MSFT
Analyst Actions
MSFT
SEC Filings
Stockreport

Meta to lay off 10% of workforce in AI push [Yahoo! Finance]

Microsoft Corporation  (MSFT) 
More Company Research Source: Yahoo! Finance
Last microsoft corporation earnings: 4/29 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: microsoft.com/en-us/investor
Meta said Thursday that it will lay off about 10% of its workforce in a move to artificial intelligence. File Photo by Terry Schmitt/UPI April 23 (UPI) -- Meta, the parent company of Facebook and Instagram, plans to lay off 10% of its workforce worldwide -- about 8,000 people -- and focus on artificial intelligence, an employee memo said Thursday. The first round of layoffs is expected to start May 20, with more coming later in the year. The memo also said Meta will not hire people for 6,000 open roles, CNBC reported. The company had earlier chopped about 1,500 workers this year in its Reality Labs division, USA Today reported. It said at the time that it was moving from its "metaverse" business model to a focus on Meta Superintelligence Labs. There were more layoffs in March, when the company got rid of hundreds of workers in Facebook and other units and shifted other roles, including moderation, to AI. This is part of a big and growing trend in tech companies worldwide. Micr [Read more]
IMPACT SNAPSHOT
EVENT TIME:
MSFT
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
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
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 (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS