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Meta Platforms: Taking Out The Surgical Knife

 

  • Meta Platforms is in the midst of surgical job cuts to potentially match the 11,000 employees cut back in November.
  • The tech giant could cut another $5 billion from operating expenses and still leave a lot of cost reductions ahead in Reality Labs.
  • META stock trades at 16x '24 EPS targets while the company has an earnings potential of up to $20 per share.
With Silicon Valley in collapse mode after massive job cuts and now the primary bank for startups closing, Meta Platforms (NASDAQ:META) is now in a strong position to prudently cut costs. The social media giant

Read the full article on Seeking Alpha. 

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