Meta Platforms (META), previously Facebook (FB), is expected to begin massive staff reductions this week. META stock price today is up over 5% so far. "During the pandemic, there was a lot of hiring in the technology sector, but now that is bubbling over. Currently, Meta Platforms has about 87K employees and has recently cut expenses for non-essential travel. Also, Microsoft (MSFT) could blow up $69B deal for Activision Blizzard (ATVI) due to internal turmoil with gaming rights," says Renita Young.