Meta freezes hiring of engineers for product teams including Facebook Gaming, Dating, and Commerce; Zuckerberg said internally Meta is not planning layoffs
Mark Zuckerberg has internally downplayed the possibility of layoffs — Meta is pulling back its investments in a number of products …
Meta previously told employees it would freeze hiring for certain engineering levels across the company, but these are targeted freezes I'm told essentially put these products on maintenance mode. Also, recruiting/data scientist hires being frozen is new
“I can't sit here and make a permanent ongoing promise that as things shift that we won't have to reconsider [layoffs],” Zuckerberg said. “But .. as of where we sit today, our expectation is not that we're going to have to do that.” $FB @verge https://www.theverge.com/...
The hiring freezes at companies that were previously like “WE WILL SPEND BILLIONS TO WIN” scare me a lot more than the equity declines ... https://twitter.com/...
Scoop: Product teams in Meta are being hit with hiring freezes, including commerce, gaming, dating, and Messenger Kids Zuckerberg told employees that layoffs aren't being planned, but that the company would prioritize growth areas and dial back elsewhere https://www.theverge.com/…
A cynic might say that metaverse is in fact shorthand for “we've spent so much money on Oculus that it needs to be the future of something more than VR gaming or we're screwed”