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re: WSJ: Tech Layoffs Just Keep Coming - Microsoft, Snap, Zoom, Google, Amazon, eBay, etc.
Posted on 2/7/24 at 12:04 pm to dewster
Posted on 2/7/24 at 12:04 pm to dewster
Meta went up 25% couple days ago and is doing best it's ever done and most other tech company have recovered. Surprised they are still laying off.
1
Posted on 2/7/24 at 12:17 pm to Saunson69
It went up because they are declaring a dividend for the first time in their history and are cutting costs (by laying people off and ending dumb inefficient projects). There's also the potential for a stock split which doesn't increase the valuation of the company but psychologically makes people think the stock is more affordable, even though its not.
This post was edited on 2/7/24 at 12:19 pm
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