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According to Bloomberg reports that Meta CEO Mark Zuckerberg announced plans to stop hiring and restructure some groups within the company

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Meta announces hiring freeze, Zuckerberg blames economy

  • Zuckerberg said most team budgets would be reduced
  • Meta CEO Zuckerberg reportedly announced a hiring freeze to employees
Updated: Sep 02, 2022 10:53
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Editorji News Desk

Meta announces hiring freeze, Zuckerberg blames economy

As the tech industry suffers through a slowdown in recent months, Facebook’s parent company Meta announced hiring freeze and “further restructure”.

Acoording to reports, Zuckerberg made these comments during an internal call to employees.

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

Zuckerberg reportedly added that budgets will be slashed across most teams at Meta, which owns Facebook, Instagram and WhatsApp.

The announcement comes after several tech companies have been forced to slash headcount in recent months, as advertisers trim spending in anticipation of a recession.

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