Meta stock soars 20% after Zuckerberg hints at more layoffs

Meta CEO Mark Zuckerberg says the social media giant will make 2023 the ‘year of efficiency’ as Wall Street takes a liking to news the company will begin a $40 billion share buyback. It reacted, suggesting more layoffs could come. Meta’s share surged nearly 20% in pre-market trading on Thursday as Facebook’s parent company’s fourth-quarter […]

PagerDuty CEO Jennifer Tejada quotes MLK in layoffs memo

The San Francisco-based cloud computing company was headed by the late Martin Luther King Jr. PagerDuty CEO Jennifer Tejada was subsequently accused of being “tone deaf”. She sent a long email of 1,669 words To her workforce, the company announced it would “refine” its business structure by cutting 7% of its global workforce. Tejada concluded […]

Amazon: ‘We still like the stock,’ analyst says following layoffs – Yahoo Finance

Amazon still has a lot to like (AMZNNick Jones, an equity research analyst at JMP Securities, recently told Yahoo Finance Live (video above). Amazon’s 2022 looks rough, with the company’s stock down over 40% over the course of the year.The company is battling high inflation, rising interest rates and a sluggish advertising market, and has […]