Layoffs are being mentioned on US earnings calls at the highest rate since the pandemic -- and as Meta Platforms shows, such cost cutting can pay off for investors. Bloomberg: Efforts by the Facebook parent to slash costs and refocus its business upended the lives of thousands of workers, but has since helped propel its stock 340% from a 2022 low. With ... ⌘ Read more
Layoffs are being mentioned on US earnings calls at the highest rate since the pandemic -- and as Meta Platforms shows, such cost cutting can pay off for investors. Bloomberg: Efforts by the Facebook parent to slash costs and refocus its business upended the lives of thousands of workers, but has since helped propel its stock 340% from a 2022 low. With ... ⌘ Read more