Meta reportedly suspends all hiring, warns staff of possible layoffs
Meta declined to comment on the report. The company directed Engadget to remarks Zuckerberg made during Meta's most recent earnings call in July. “Given the continued trends, this is even more of a focus now than it was last quarter," Zuckerberg said at the time."Our plan is to steadily reduce headcount growth over the next year.
Many teams are going to shrink so we can shift energy to other areas, and I wanted to give our leaders the ability to decide within their teams where to double down, where to backfill attrition, and where to restructure teams while minimizing thrash to the long-term initiatives.”, Meta disclosed that, in the April-May quarter, its revenue dropped by one percent year-over-year. It's the first time the company has ever reported a fall in revenue.
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.
Bad Luck Zuck: Facebook CEO Mark Zuckerberg Drops Off List of Top 10 Richest AmericansFollowing a series of massive financial hits to his business, Facebook founder Mark Zuckerberg is no longer one of the 10 richest people in America. He was unceremoniously dropped off the list following the loss of half of his fortune in the last year.
Read more »
Elon Musk heads list of richest Americans, while Mark Zuckerberg falls out of top 10Elon Musk heads list of richest Americans, while Mark Zuckerberg falls out of top 10. Guess where Trump ended up?
Read more »
Facebook Employees Sigh As Mark Zuckerberg Tries For 10th Time To Break Board With FistMENLO PARK, CA—With their CEO claiming he had been able to do it before when no one was looking, Facebook employees reportedly sighed Wednesday as Mark Zuckerberg attempted to break a board with his fist for the 10th time. “He keeps trying to punch through it, and he told us we can’t leave until he shows us how it’s…
Read more »
Mark Zuckerberg tells Meta employees that the company is freezing hiringSome teams are shrinking to “shift energy” elsewhere.
Read more »
Extremely Sweaty Mark Zuckerberg Shows Off Mixed Reality Swordfighting GameIf you didn't know that Facebook-turned-Meta CEO Mark Zuckerberg is extremely into fencing, he is. Casd in point: the latest Quest Pro promo.
Read more »