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Jan 14 Market Update Meta Announces 5% head count reduction of bottom performers

Jan 14 Market Update Meta Announces 5% head count reduction of bottom performers

$PTC $MRVL $TTD

Mukund Mohan
January 14, 2025

Market

“Expect a year of intensity as we focus on AI, AR/VR glasses and the future of social media. We will manage 5% of our bottom performing employees out sooner” 🤢 🤔

Slow recovery for the Dow, but S&P500 and NASDAQ were losing more of their gains

Technology stocks were under pressure, from valuations that are relatively high, given growth rates. Meta’s performance based headcount reductions caused another 2.4% move lower, as did most tech stocks including $NVDA and $NFLX.

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$PTC PTC Inc Deep Dive and 2025 Outlook

PTC Inc., originally founded as Parametric Technology Corporation in 1985, is a leading American software company headquartered in Boston, Massachusetts.

stocksmarts.substack.com/p/ptc-ptc-inc-deep-dive-and-2025-outlook