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.

2026.05.18 19:03

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.