Meta is considering laying off roughly 20% of its workforce. It would be the largest round of layoffs since 2022. Personally, I see this as positive because the company is trying to become more efficient and the stock could react by rising. $META has been in my portfolio for some time and in the past few weeks I've been adding to my position because the shares are at an attractive price.
Do you think laying off 20% of employees is a good move? Do you own $META shares?
From a financial perspective it's probably a good move and a step forward; from a moral perspective it's a different matter.
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Definitely, improving the company’s efficiency through AI is, in my view, a good move. At the same time, higher margins and lower costs are just the cherry on top 😄