Microsoft and Meta cut thousands of staff
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Meta, Google, Amazon, Microsoft, and SoFi all report on April 29. Should you buy before earnings?
Five mega-cap names are all reporting on the same day, and the buy-or-wait decision could make a huge difference.
Meta and Microsoft eliminated up to 23,000 positions on the same day. Both reported record revenues. Both are redirecting the savings into AI infrastructure worth hundreds of billions.
Just last month, Meta reportedly laid off several hundred people (3) across multiple teams in the Reality Labs division as well as social media and recruiting. In January, roughly 1,500 jobs were cut. And last February, the company slashed (4) 3,600 positions.
Microsoft said it was offering voluntary buyouts to thousands of its U.S. employees on Thursday. The software giant plans to make the offers in early May to abo
It’s a historic Wednesday for Wall Street as Alphabet, Amazon, Microsoft and Meta report alongside Jerome Powell’s final press conference
Artificial intelligence (AI) has been a tsunami propelling many tech stocks skyward in recent years, including Microsoft (NASDAQ: MSFT), Meta Platforms (NASDAQ: META), and, of course, Nvidia (NASDAQ: NVDA). The picture has changed in 2026. AI is no longer ...