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Meta to Let Go 11,000 Employees, 13% of its Workforce
Mark Zuckerberg sent a letter to employees, saying Meta is laying off 13% of its staff.
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Crypto
Huobi Outflows Hit $60.9M in 24hrs, Inner Turmoil Reported at Exchange
Huobi saw $60.9 million in net outflows in the past day. The exchange also announced said it will lay off 20% of its staff.
Market Analysis
Meta Up 3.5% After News of Mass Layoffs Affecting Thousands
Meta's layoffs could be among the largest rounds in the recent tech job cuts and might affect thousands of employees.
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SoftBank Vision Fund to Lay Off 30% of Global Workforce
SoftBank is planning to cut 30% of its global workforce after the conglomerate sustained a record loss in the previous quarter, according to Bloomberg.
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HOOD Hits All-Time Low at $9.40 as Plan for 300+ Layoffs Ends Hyper-Growth Story
HOOD plunges to new lows after announcing layoffs and anticipating poor earnings.