Mark Zuckerberg says Meta will freeze hiring and cut costs

After a decade of explosive growth, the company formerly known as Facebook is planning to trim down. Bloomberg reports that Meta CEO Mark Zuckerberg announced plans to freeze hiring and restructure some groups within the company Thursday in an internal all-hands call.
According to Bloomberg, Meta plans to shrink budgets widely within the company, including to teams that it was recently investing in. Meta has thrown a lot of weight behind VR and creating its own metaverse in recent months and is also scrambling to build out short form video products, like Reels, that can compete with TikTok.
Me

リンク元