Meta Employees Hopeful Mass Layoffs Are Over As Business Roles Are Slashed

Key takeaways

• Meta’s third and what’s hoped to be final round of job cuts has now been announced
• The Big Tech titan’s share price was up 1% at the news
• It’s a bright spot for the stock in an otherwise difficult period

The third and final round of layoffs has now been announced at Meta, with remaining employees hoping it’s an end to months of uncertainty. As Zuckerberg’s so-called ‘year of efficiency’ continues, Wall Street will now want to see that the layoffs have made a difference in the following earnings report.

It’s still an uncertain picture for the tech industry, which often has the most exciting gains and losses on the stock market, thanks to higher inflation and the unresolved debt-ceiling crisis. Let’s take a closer look at exactly what’s gone down at Meta and how investors reacted.