In a leaked employee Q&A, Mark Zuckerberg outlined plans to bring on far fewer engineers and 'turn up the heat' on existing staff.
On top of the explicit change in hiring plans, Zuckerberg also indicated that the squeeze is on for current employees, too,wouldn’t be filling many of the positions left open by those who leave the company. “Realistically, there are probably a bunch of people at the company who shouldn’t be here,” he said, according to Reuters.
The Zuck further stated that Meta would be heightening oversight and cracking down on performance. “Part of my hope by raising expectations and having more aggressive goals, and just kind of turning up the heat a little bit, is that I think some of you might decide that this place isn’t for you, and that self-selection is OK with me.”
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Facebook's Meta warns of engineer job cuts, sharp downturn ahead: reportFacebook owner Meta is bracing for a sharp downturn, with plans to cut 30% of engineer jobs this year, Chief Executive Officer Mark Zuckerberg told employees...
Read more »
Meta Platforms (META) Stock Deep Dive: Facebook parent price target at $200 despite macro headwindsWe continue our deep dive series with a focus on Facebook parent Meta Platforms. We will focus as ever on traditional DCF cash flow analysis as well a
Read more »
Meta cuts hiring plans as it prepares for 'serious times' | EngadgetThe company has revealed that it's focusing on Reels and select products in the second half of 2022..
Read more »
Meta warns employees of 'serious times' in internal memo listing key product betsThe memo outlines priorities for 'serious times.'
Read more »
Meta Was Restricting Abortion Content All AlongAbortion access groups and activists say they have been dealing with algorithmic censorship for years.
Read more »
Why Shailene Woodley feels ‘nurtured’ after Aaron Rodgers breakupThe “Secret Life of the American Teenager” alum called June “the best month ever” via Instagram, gushing, “God i’m grateful!!!!!!!!!!!!!!!”
Read more »