Meta to freeze hirings, cut staff: Zuckerberg ...Middle East

The Hill - Technology
Meta to freeze hirings, cut staff: Zuckerberg
source : The Hill ( Middle East ) () 25
Meta CEO Mark Zuckerberg announced at a weekly Q&A session that the company plans to decrease budgets across most teams and cut staff for the first time amid lingering economic concerns.  A person in attendance at the session told Bloomberg that Zuckerberg said Meta will freeze hiring and restructure some teams to cut expenses and prioritize. He said the company will likely be smaller next year than it is this year.  Zuckerberg said budgets will be cut for most teams, including those that are growing, but individual teams will decide how to implement changes in the number of staff. That could happen by not replacing employees who leave the company, moving people to other teams or se

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