No hiring, soon more layoffs: Mark Zuckerberg to employees

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  • Zuckerberg made the comments during an internal call to employees.
  • Facebook’s parent company Meta is currently downsizing to cut costs in an economic downturn.
  • Meta expects to reduce costs by at least 10% in the coming months.


Meta Founder and CEO Mark Zuckerberg made it clear that the social network is freezing hiring at all levels, warning that more layoffs are on the way.

According to The Verge, Zuckerberg made the comments during an internal call to employees.

Zuckerberg mentioned on Meta’s latest earnings call that “Our plan is to steadily scale back headcount growth over the next year. Many teams will shrink so we can shift energy to other areas. .”

In May, Zuckerberg announced a hiring freeze affecting certain segments of Meta.

However, he has now extended the hiring freeze to all departments and verticals.

Facebook’s parent company Meta is currently downsizing to cut costs amid an economic downturn, apparently placing some of them on traditional 30-60 day “lists” to find new roles within the company. business or leave.

Meta plans to cut costs by at least 10% in the coming months and has laid off more and more workers whose jobs are cut on its traditional “30-day list”, according to earlier reports.

Meta has a “long practice” where employees whose positions are cut are fired if they don’t find a new job internally within a month.

The Mark Zuckerberg-led company had 83,553 employees at the end of the second quarter of this year.

As big tech companies lay off employees and freeze new hires, Zuckerberg said in July that the company’s plan is to steadily cut headcount growth over the next year.

Admitting that the social network has entered an economic downturn that will have a broad impact on the digital advertising industry, Zuckerberg said many “teams will shrink so we can shift energy to other areas within of the company”.

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