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Mentions of Job Cuts in Earnings Calls Hit Pandemic-Time Peak
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 si...
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. Mentions of job cuts and synonyms per earnings calls this season have jumped to the highest levels since the second quarter of 2020, according to a Bloomberg transcript analysis of S&P 1500 Composite Index firms.
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