Meta Materials Layoffs 2024: What to Know as MMAT Slashes 80% of Jobs

Another unstable meme stock may be on its way out the door. Meta Materials (NASDAQ:MMAT) has been struggling for well over a year and hasn’t reported a positive catalyst in months. Granted, the functional materials company did manage to regain Nasdaq compliance in February 2024. However, that hasn’t done much for MMAT stock since. Today, shares are sinking quickly on news that Meta Materials is reducing its staff by 80% over the coming weeks, per a company statement released last week.Naturally, news of the ...