Facebook parent company Meta Platforms is understood to have started delivering on a layoff plan promised last month.。The company said it would cut about 4,000 employees today.。This was announced in November last year to cut 1.There was a massive layoff after 10,000 jobs, and Meta said last month that the number of layoffs in the coming months would be around 10,000.。

Meta CEO Mark Zuckerberg has previously said that April's layoffs will be focused on technology jobs, while another round of layoffs in May will have a bigger impact on the business unit.。

In addition, Meta will report its latest quarterly results next week.。Daniel Jones, analyst and head of the investment group at Seeking Alpha, said analysts are currently more bullish on Meta's expected revenue than management, and the company's stock still looks cheap.。

Ahead of the quarterly report, Bank of America analyst Justin Post also raised his price target to $250 while maintaining his "buy" rating.。

Justin said that the results of the Meta but advertising business verification were "mixed," indicating that corporate advertising spending slowed in the first quarter from the fourth quarter, but that advertising spending in February was higher than in January.。Justin also said in a previous research report that Sensor Tower's statistics also show that Instagram's daily active usage trend is stable, and the usage time is still relatively optimistic.。