WOLF(@WOLF_Financial):JUST IN: META $META IS REPORTEDLY LAYING OFF EMPLOYEES IN THREE BATCHES ON WEDNESDAY. EACH WAVE HITS AT 4 AM LOCAL TIME. Per Reuters, North American employees have been told to work from home that day. Here's what else is reportedly happening: - 7,000 people are being moved to new AI workflow initiatives - Managerial roles are being eliminated across the company - "Many leaders will announce org changes" alongside the layoffs The cuts land on the same day as Nvidia's earnings, the biggest AI catalyst of the quarter.

WOLF

@WOLF_Financial

The Largest Source of Financially Related Content and Creators | Marketing Partners w/ @nasdaq @Cboe and more.

Joined September 2020

420 Following 471.1K Followers

WOLF@WOLF_Financial

11hours ago

JUST IN: META $META IS REPORTEDLY LAYING OFF EMPLOYEES IN THREE BATCHES ON WEDNESDAY. EACH WAVE HITS AT 4 AM LOCAL TIME. Per Reuters, North American employees have been told to work from home that day. Here's what else is reportedly happening: - 7,000 people are being moved to new AI workflow initiatives - Managerial roles are being eliminated across the company - "Many leaders will announce org changes" alongside the layoffs The cuts land on the same day as Nvidia's earnings, the biggest AI catalyst of the quarter.