Meta shares up on report it’s set to begin mass layoffs

Posted by & filed under Part 1 Business in a Global Environment, Part 3 Management: Empowering People to Achieve Business Objectives, Part 6 Managing Financial Resources.

Description: Shares of Facebook owner Meta rose 6.5% Monday following a Wall Street Journal report over the weekend saying the company could start mass layoffs as soon as Wednesday.

Source: CNBC.com

Date: Nov 07, 2022

Link: https://www.cnbc.com/2022/11/07/meta-shares-up-on-report-its-set-to-begin-mass-layoffs.html

Questions for discussion:

  • Why would the stock price increase as a result of this announcement?
  • What is the similarity to Twitter’s announcement this week?

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