Meta is laying off ~1,400 employees in the Seattle/Puget Sound area as part of its ongoing workforce optimization, with Zuckerberg's superyacht simultaneously docked in Seattle generating PR friction. The layoffs are structurally bullish for margins but insider selling (37 sells, 0 buys in 30 days) and a stock already up 3.1% today on what is largely consensus news tempers the near-term upside case.