Meta Platforms pauses hiring, warns of restructuring



Facebook-parent Meta Platforms will indurate hiring and further restructure amid an uncertain macroeconomic situation, Bloomberg News reported on Thursday, quoting Chief Executive Mark Zuckerberg’s communication with workers.

Several tech companies have been forced to slash headcount in recent months as advertisers trim spending to prepare for a brewing recession.

“I had hoped the frugality would have further easily stabilized by now, but from what we are seeing it does not yet feel like it has, so we want to plan kindly conservatively,” Zuckerberg told workers during a daily Q&A session, Bloomberg News reported.

The social media company had cut plans to hire masterminds by at least 30 this time, Reuters reported in June.

Zuckerberg also said on Thursday that Meta would reduce budgets across utmost brigades and that individual brigades will have to resolve how to handle headcount changes, the report added.

Meta declined to note on Bloomberg report. The company appertained to Zuckerberg’s warning of a reduction in headcount over the coming time in the alternate-quarter earnings call.

The company had verified hiring freezes in broad terms in May, but exact numbers haven’t preliminarily been reported.

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