Mentions of Job Cuts in Earnings Calls Hit Pandemic-Time Peak
- Mentions of job cuts are resurgent on earnings calls
- Investors welcome firms positioning to protect margins
The Meta headquarters in Menlo Park, California.
Photographer: Josh Edelson/AFP/Getty ImagesThis article is for subscribers only.
Layoffs are being mentioned on US earnings calls at the highest rate since the pandemic — and as Meta Platforms Inc. shows, such cost cutting can pay off for investors.
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.