Stock Prices Will Rise But 10% Layoff Needed

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Stock Prices Will Rise But 10% Layoff Needed
Stock prices will rise but 10% layoff needed.

 

II Timothy 2:15 – “Study to shew thyself approved unto Yahweh, a workman that needeth not to be ashamed, rightly dividing the word of truth”

 

Stock Prices Will Rise But 10% Layoff Needed

Some believe stock prices will rise but a 10 percent layoff is needed. Mark Zuckerberg, sent a letter saying job reductions would be observed across all its business segments.

At least 13% of Meta staff is being let go. Why is he doing this you ask?

Shares of Meta are higher on the news, up more than 3% to the $99 handle in the premarket.

 

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Meta is taking action to reduce costs after several quarters of disappointing earnings and a decline in revenues.

Layoffs This Month (% of Workers): 1. Twitter: 50% 2. Cameo: 25% 3. Robinhood: 23% 4. Intel: 20% 5. Snapchat: 20% 6. Coinbase: 18% 7. Opendoor: 18% 8. Stripe: 14% 9. Lyft: 13% 10. Shopify: 10% 11. Meta: “Thousands” 12. Apple: Hiring Freeze.

There is no good way to do a layoff.

 

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So I’m firing you and giving myself a huge bonus to deal with all the stress and hard work ahead.

Some would say this is the real reason?

Reminds me of WeWork’s Newman taking a $1.2 Billion Golden Parachute while bankrupting the company and not paying his “family” of employees.

 

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Conclusion

Guys, this is better news than the election results.  Facebook is FAILING.

Many feel they are just pieces on a chessboard to be played or sacrificed at will.

I noticed he waited until the day after the mid-term elections to make the announcement.

 

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Social media should be a place to maintain a platform where people could talk, trade and discover services and friends.
No one is hiring in Tech, right now.
Everyone leaves job ads up on their websites. But, those are just to make the company look strong and like its growing.
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The Federal Reserve believes this is the only way a companies stock prices can increase. To layoff thousands.
Inflation can only come down by having less jobs not by being responsible with spending money!?
All advertising budgets everywhere will be severely cut for 2023.
Corporations all over the country are following advice from the Fed. But in the end, judgement day is inevitable.
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DISCLAIMER: I am not a financial adviser. This site is for educational purposes only. It is imperative that you do your own research. I am sharing my opinion from personal research and experience with no guarantee of gains or losses on investments, finance etc.

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