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Meta is axing 600 roles across its AI division

(www.theverge.com)
492 points Lionga | 2 comments | 22 Oct 25 16:44 UTC | HN request time: 0s | source
1. sidewndr46 ◴[22 Oct 25 17:47 UTC] No.45672648[source]▶
Meta stock is trading down today at the moment, slightly more than the S&P 500.

Maybe they should have just announced the layoffs without specifying the division?

replies(1): >>45673347 #
2. asadotzler ◴[22 Oct 25 18:38 UTC] No.45673347[source]▶
Layoffs are often how a company manages its stock price. Company gives guidance, is likely to miss, lays off a bunch, claims the savings, meets guidance, keeps stock looking good.