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
Meta is not the only Tech company affected as it sees tough times for the parent company of Facebook, Instagram and WhatsApp
According to Bloomberg, Meta plans to reduce Spending on new ventures including to teams that it was recently investing in
Zuckerberg mentioned in an internal meeting that his company was approaching one of the “worst downturns seen in recent history"
The Company had cut plans to hire engineers by at least 30% this year
“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
Recession is Here.. Be Prepared , Upgrade your Skills