Market Chatter: Meta Platforms to Lay Off a Few Hundred Workers Wednesday
MT Newswires Live
Yesterday
Meta Platforms (META) will lay off a few hundred workers across the company on Wednesday, The Information reported, citing two people familiar with the matter.
The cuts will impact Meta's hardware platforms and wearables division -- Reality Labs -- as well as its social media teams, recruiting operations and a smaller figure in sales, the report said.
Meta didn't immediately reply to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.