2 years, 5 months ago
Facebook Owner Meta Cuts Hiring Plans By 30 Per Cent On Economic Slowdown Risks
ABP NewsMeta Platforms, the owner of Facebook, has cut plans to hire engineers by at least 30 per cent this year, according to a report by Reuters. According to the report, Meta CEO Mark Zuckerberg told employees about the decision as he warned them to brace for a deep economic slowdown. Zuckerberg also said the company was leaving certain positions unfilled in response to attrition and “turning up the heat” on performance management to weed out staffers unable to meet more aggressive goals. The company must "prioritize more ruthlessly" and "operate leaner, meaner, better executing teams," Chief Product Officer Chris Cox wrote in the memo, which appeared on the company's internal discussion forum Workplace before the Q&A.
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History of this topic
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1 year, 8 months ago
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1 year, 9 months ago
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1 year, 9 months ago
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1 year, 9 months ago
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1 year, 9 months ago
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