Mark Zuckerberg says Meta will freeze hiring and cut costs

Meta employees have been warned of potential layoffs and Downsizing after 10+ years of tremendous growth

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Meta is not the only Tech company affected as it sees tough times for the parent company of Facebook, Instagram and WhatsApp

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According to Bloomberg, Meta plans to reduce Spending on new ventures including to teams that it was recently investing in

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Zuckerberg mentioned in an internal meeting that his company was approaching one of the “worst downturns seen in recent history"

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The Company had cut plans to hire engineers by at least 30% this year

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“I think some of you might decide that this place isn’t for you, and that self-selection is OK with me,” Zuckerberg said in the internal call

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Recession is Here.. Be Prepared , Upgrade your Skills

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