Meta's Trading Volume Drops 28.46% to $5.232 Billion Ranking 12th as Company Announces Massive Layoffs and Hiring Freeze

On May 22, 2025, Meta's trading volume reached $5.232 billion, a decrease of 28.46% from the previous day, ranking 12th in the day's stock market trading volume. Meta's stock price rose by 0.17%.

Meta Platforms Inc. has announced a significant restructuring plan aimed at enhancing its operational efficiency and cost management. The company plans to lay off approximately 10,000 employees, which represents about 13% of its total workforce. This move is part of a broader strategy to streamline operations and focus on core business areas, particularly in the face of increasing competition and economic uncertainties.

In addition to the layoffs, Meta is also implementing a hiring freeze across various departments. This measure is intended to control costs and redirect resources towards more strategic initiatives. The company has stated that it will provide support to the affected employees, including severance packages and outplacement services, to help them transition to new opportunities.

Meta's restructuring efforts come at a time when the company is facing challenges in its advertising business, which has been impacted by changes in user behavior and increased regulatory scrutiny. The company is also investing heavily in new technologies such as the metaverse, which has the potential to revolutionize the way people interact and conduct business online. However, these investments come with significant risks and uncertainties, and the company is seeking to balance its short-term financial performance with long-term growth prospects.